La. Admin. Code tit. 13 § I-3101

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-3101 - Assessment of Tax-Exempt Pollution Control Equipment

A. Six months prior to the date of expiration of an industrial tax exemption contract on air or pollution control equipment, the subject company will file with the Board of Commerce and Industry the following information:

1. four copies of the tax exemption contract covering the equipment;

2. four copies of the certification by the Louisiana Air and/or Stream Control Commission(s) that the subject equipment is a valid pollution control device;

3. four certified copies of a rendition of the actual market value of the equipment at the time the tax exemption is to expire, according to the method set forth in Act 69.

B. Upon receipt of this material it will be reviewed for content by the Board of Commerce and Industry, meeting in regular session, prior to the expiration date of the tax exemption contract.

C. If the board is satisfied with the information received, it will direct the Executive Director of the Department of Commerce and Industry to issue to the subject company a letter certifying that:

1. a valid tax exemption contract has existed on subject pollution abatement equipment;

2. it meets the standards of the appropriate state pollution control agencies;

3. it appears to qualify under the provisions of Act 69 of 1973 covering the method such pollution control equipment is to be assessed.

D. The original of this document is to be returned to the subject company, along with one copy each of the items listed in Section I of this resolution. A copy of the letter of certification, together with one copy each of the items in Section I of this resolution, is to be forwarded to the Assessor of the Parish in which subject equipment is located, and a duplicate copy of all material sent to the Louisiana Tax Commission.

La. Admin. Code tit. 13, § I-3101

Adopted by the Board of Commerce and Industry, March 1974, by resolution.

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:305.31.