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2020 Louisiana Laws
Revised Statutes
Title 47 - Revenue and Taxation
§1961.1. Inventories of manufacturers or merchants defined
Universal Citation:
LA Rev Stat § 47:1961.1 (2020)
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RS 1961.1 - Inventories of manufacturers or merchants defined
For the purpose of the classification of property subject to ad valorem taxation and the determination of the applicable percentage of fair market value in determining assessed valuation, the term "inventories of manufacturers or merchants" shall mean all goods held in inventory as raw materials, goods-in-process, or finished goods whether held by manufacturers, wholesalers, distributors, or retailers.
Acts 1986, No. 1027, §1; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.
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