Section 47:1708 - [See Note] Exemption for property leased to nonprofit organizations for the purpose of housing the homelessFor the purpose of applying the exemption from ad valorem taxation provided in R.S. 47:1703(A)(2)(b), "term of the lease" shall mean the total length of the lease, including renewals at the option of lessees, that the lessor obligates property to a nonprofit corporation or association for use solely as housing for the homeless.
Acts 1992, No. 564, §1, eff. for taxable periods beginning on or after Jan. 1, 1991; H.C.R. No. 88, 1993 R.S., eff. May 30, 1993; H.C.R. No. 1, 1994 R.S., eff. May 11, 1994.Amended by Acts 2024EX3, No. 12,s. 1, eff. if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective..Acts 1992, No. 564, §1, eff. for taxable periods beginning on or after 1/1/1991; H.C.R. No. 88, 1993 R.S., eff. 5/30/1993; H.C.R. No. 1, 1994 R.S., eff. 5/11/1994.This section is set out more than once due to postponed, multiple, or conflicting amendments.