La. Revenue and Taxation § 47:6002
Current with changes from the 2024 Legislative Session
The real property of any governing authority acquired or held by the authority for the purposes set forth in the Urban Land-Banking Law is declared to be public property and shall be exempt from any tax imposed by the state or by any parish, municipality, school board, or any political subdivision of the state except as otherwise provided by the Constitution of Louisiana. Such exemption shall terminate when the municipality sells, leases, or otherwise disposes of the property to a purchaser, lessee, or transferee who is not a public body and not otherwise entitled to tax exemption.
R.S. 40:592.1 et seq.
La. Revenue and Taxation § 47:6002