TAX/AD VALOREM-MFG/EXEMP: Extends eligibility for the ad valorem tax exemption for certain manufacturing establishments to certain aerospace manufacturing establishments (EN SEE FISC NOTE LF RV See Note)

Summary

HB 1179 updates Louisiana law so that aerospace manufacturers can qualify for the same property tax break that other eligible manufacturers receive. By changing the statutory reference from section 1703.2 to 1703.4, the bill clarifies and extends the exemption. This aims to encourage aerospace production in the state.

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