Property Tax Relief for Louisiana Business Property
by Jay Adams and Joe Landry
Reprinted from Tax Notes State, April 27, 2020, p. 537
Volume 96, Number 4 April 27, 2020
Through multiple proclamations, Louisiana Gov. John Bel Edwards (D) ordered that nonessential businesses close their doors or limit their operations, including restaurants, hotels, casinos, retail shops, barbershops, and beauty salons, as well as places of amusement such as concert halls and movie theaters. For many businesses, it is uncertain when they will be able to reopen and return to normal operations. One consequence of the ongoing disruption of business and ominous market conditions is the related decrease in the value of property used to operate these businesses.