La. Admin. Code tit. 13 § I-533

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

Section I-533 - Reporting Requirements for Changes in Operations

A. The department is to be notified immediately of any change which affects the tax exemption contract. This includes, but is not limited to, any changes in the ownership or operational name of a firm holding a tax exemption contract. A fee of $250 shall be filed with a request for any contract amendment, including but not limited to, a change of ownership, change in name, or change in location. The board may consider restrictions or cancellation of a contract for cessation of the manufacturing operation, or retirement of any portion of the exempted equipment. Failure to report any material changes constitutes a breach of contract and, with approval by the board, shall result in restriction or termination.

La. Admin. Code tit. 13, § I-533

Promulgated by the Department of Economic Development, Office of Commerce and Industry, LR 20:867 (August 1994), amended by the Department of Economic Development, Office of Business Development, LR 37:2380 (August 2011), Amended by the Department of Economic Development, Office of Business Development, LR 37:2380 (August 2011), LR 412319 (11/1/2015), Amended by the Department of Economic Development, Office of Business Development, LR 431137 (6/1/2017), Amended LR 441423 (8/1/2018).

AUTHORITY NOTE: Promulgated in accordance with Article VII, Part 2, Section 21(F) of the Louisiana Constitution of 1974.