Louisiana Administrative Code
Title 61 - REVENUE AND TAXATION
Part V - Ad Valorem Taxation
Chapter 29 - Public Service Properties
Section V-2901 - Non-Operating or Non-Utility Property
Current through Register Vol. 50, No. 9, September 20, 2024
A. Includes property held for future use or development, property leased to third parties, and certain other property not included in the company rate base.
B. Non-operating or non-utility real property shall be any lands not actually used for utility purposes or lands leased, rented, loaned or otherwise used for commercial, industrial or other purposes. This also applies to any building not directly involved in the utility purpose. (This definition is for the sole purpose of establishing the criteria for determining when the property is to be assessed by the local assessor in accordance with R.S. 47:1853.C).
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1853 and R.S. 47:1855.
