Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:8021
Property exempt from taxes and from levy and sale by virtue of an execution
# A.
All property of a corporation, including funds owned or held by it for the purposes of this Chapter, shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against the corporation be a charge or lien upon such property. The provisions of this Section shall not apply to or limit the right of obligees or guarantors to pursue any remedies for the enforcement of any pledge or lien given pursuant to this Chapter by a corporation on its real or personal property, rents, fees, grants or revenues for a tax increment development project.
# B.
The property of a corporation acquired or held for the purposes of this Chapter is declared to be public property used for essential public and governmental purposes and such property, or any interest therein, in the hands of the corporation or any subsidiary thereof, shall be exempt from all taxes of the parish or municipality, the state, or any political subdivision thereof or any other taxing body.
Source: view the official text
In this chapter (27 sections)
- 47:8001 · Short title
- 47:8002 · Findings, declaration of necessity and purpose
- 47:8003 · Definitions
- 47:8004 · Creation of corporation; public hearing; adoption of…
- 47:8005 · Board of directors; appointment; tenure; compensation
- 47:8006 · Organization of corporation; employees; meetings; personal…
- 47:8007 · Removal of directors; right to counsel; record of proceedings
- 47:8008 · Conflict of interest; disclosure of interests; penalty
- 47:8009 · Powers of the corporations
- 47:8010 · Increment revenues
- 47:8011 · Tax increment trust fund; mandatory contributions
- 47:8012 · Development management
- 47:8013 · Tax increment development plan; preparation; adoption;…
- 47:8014 · Subsidiary corporations; creation; purposes; powers;…
- 47:8015 · Disposition of property in tax increment development area
- 47:8016 · Development by corporations; surplus profits
- 47:8017 · Bonds of the corporations
- 47:8018 · Security for bonds or notes
- 47:8019 · Bonds and notes as legal investment
- 47:8020 · Corporation funds; audit; investment
- 47:8021 · Property exempt from taxes and from levy and sale by virtue…
- 47:8022 · Assistance by state and local agencies
- 47:8023 · Title of purchase
- 47:8024 · Annual report
- 47:8025 · Encouragement of private enterprise
- 47:8026 · Indemnity of directors, officers, agents and employees
- 47:8027 · Authority of parishes, municipalities and subdivisions…