Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part I - Taxes Collected and Administered by the Secretary of Revenue
Chapter 44 - Sales and Use Tax Exemptions
Section I-4403 - Ships and Ships' Supplies
Current through Register Vol. 50, No. 9, September 20, 2024
A. To qualify for exemption under R.S. 47:305.1(A), materials, machinery, and equipment that become component parts of ships, vessels, or barges of 50 tons load displacement and over, built in Louisiana, must be added during construction or reconstruction. Materials, machinery, and equipment that replace worn components are not exempt under R.S. 47:305.1(A).
B. Reconstructions qualify for exemption under R.S. 47:305.1(A) if they:
C.
D. For the purposes of the exemption granted under R.S. 47:305.1, the following definitions apply.
Commerce-the transporting of goods or persons by ship, vessel, or barge exclusively to carry on a trade or business.
Load Displacement-the weight of the volume of water displaced by a ship, vessel, or barge when loaded to its maximum capacity.
Owner or Operator-any person who has title to, possession of, or control over the operation of any ship, vessel, or barge defined in R.S. 47:305.1.
Ship, Vessel, or Barge-any craft used primarily for transporting persons or property by water, or any craft designed or altered to perform specialized marine-related services, such as dredging, fleeting, geological surveying, cargo transferring, and which possesses all of the following characteristics:
Ships Supplies and Materials-all tangible personal property loaded on and used or consumed in the maintenance or operation of a ship, vessel, or barge and its crew.
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:305.1.