Louisiana § RS 40:599.16 - State and local taxes
Full text of Louisiana Louisiana Civil Code § RS 40:599.16 — State and local taxes, with citation guidance and answers to common questions.
§ RS 40:599.16. State and local taxes
A. An authority is exempt from any state or local tax or assessment on the authority's properties or activities or on any revenue from the properties or activities.
B. Except as provided in Subsection D of this Section, property that an authority sells or leases to a private entity is subject to state and local property taxes from the time of the sale or lease.
C. The principal of an interest on bonds, the transfer of bonds, and any income derived from the bonds, including profits made on their sale or transfer, are exempt from all state and local taxes.
D. Sale or lease to a nonprofit organization is exempt from state and local property taxes from the time of sale or lease, if:
(1) The nonprofit organization has entered into an agreement with an authority to redevelop the property.
(2) The agreement is in force and effect and not defaulted on within the application period.
Acts 2025, No. 443, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 40:599.16
What does Louisiana Civil Code § RS 40:599.16 cover?
Section RS 40:599.16 ("State and local taxes") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 40:599.16?
A common citation format is "Louisiana Civil Code § RS 40:599.16" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 40:599.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.