La. Admin. Code tit. 61 § V-125
Current through Register Vol. 50, No. 11, November 20, 2024
Section V-125 - Statutes Pertaining to Specific Real PropertyA. Timeshare property shall be assessed as a single entity unless the property is subject to the Louisiana Condominium Act. The statute further provides that the managing entity shall have the responsibility for collecting and paying the taxes. Further, a timeshare unit subject to a condominium declaration shall not exceed the assessed value of non-timesharing condominium units, apartments or other accommodation (R.S. 9:1131.9).La. Admin. Code tit. 61, § V-125
Promulgated by the Department of Revenue and Taxation, Tax Commission, LR 8:102 (February 1982), amended LR 10:922 (November 1984), LR 15:1097 (December 1989).AUTHORITY NOTE: Promulgated in accordance with R.S. 9:1131.9.