Louisiana § 48:998 Ferries operated under franchise made separate class for taxation; valuation

Louisiana Statutes

§ 48:998 — Ferries operated under franchise made separate class for taxation; valuation

Louisiana § 48:998

Title 48Roads, Bridges and Ferries

This text of Louisiana § 48:998 (Ferries operated under franchise made separate class for taxation; valuation) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 48:998 (2026).

Text

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.

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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.