- A. The owner of the existing structure or structures shall carefully document the date the project began, the date the project is complete, and the beginning date of the effective use of the structure. The owner must file that information on the prescribed Project Completion Report electronically, with LED, within 30 days following the last day of the month after effective use of the structure has begun or the project is essentially completed, whichever occurs first, LED will indicate with a return of a copy of that report the effective date of the tax exemption contract, which shall be December 31 of the year in which effective use of the structure began or the project was essentially complete, whichever was sooner.
- B. As the assessment date for Orleans Parish is August 1, the effective date of contract for a structure located in Orleans Parish shall be July 31 of the applicable year.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 47:4311-4319.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:99 (February 1985), amended LR 12:665 (October 1986), amended by the Department of Economic Development, LR 18:254 (March 1992), amended by Louisiana Economic Development, Office of Economic Development, LR 52:984 (June 2026).