Louisiana § RS 48:998 - Ferries operated under franchise made separate class for taxation; valuation
Full text of Louisiana Louisiana Civil Code § RS 48:998 — Ferries operated under franchise made separate class for taxation; valuation, with citation guidance and answers to common questions.
§ RS 48:998. Ferries operated under franchise made separate class for taxation; valuation
Ferries owned and operated under franchises granted for a specific number of years are a separate class for the purpose of assessment and taxation. These franchises shall be valued by the assessing authorities for state purposes at a sum equal to the price paid for the franchises divided by the number of years for which franchise is granted. This valuation and listing is binding for local purposes upon all subdivisions of the state in which the ferries are operated.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 48:998
What does Louisiana Civil Code § RS 48:998 cover?
Section RS 48:998 ("Ferries operated under franchise made separate class for taxation; valuation") 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 48:998?
A common citation format is "Louisiana Civil Code § RS 48:998" (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 48:998 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.