Tax & Accounting Blog

Legislative Changes in Louisiana and Nevada

Blog, ONESOURCE, ONESOURCE Property Tax June 17, 2013

Louisiana  – Orleans Parish assessment list, L. 2013, H69 (Act 72), effective 06/15/2013

  • Requires the Orleans Parish assessor to certify property assessment lists as changed and to submit such lists to the board of review by October 1 each year
  •  For tax year 2013 and subsequent years, the period for inspection of assessment lists in Orleans Parish must be a period of 32 calendar days, beginning no earlier than July 15 and ending no later than August 15 (or the next business day, if August 15 falls on a weekend or a legal holiday) each year
  • Provides that complaints received by Orleans Parish assessor’s office must be forwarded to the board of review within 10 business days after the last date on which written complaints are received by the assessor

Nevada  – Partial tax abatements, L. 2013, A61 (c. 112), effective 05/24/2013

  • Requires entities whose cumulative partial tax abatements for the immediately preceding two years plus the partial tax abatement that is being requested equals $250,000 or more to seek the approval of the Board of Economic Development
  • Specifies that entities whose cumulative partial tax abatements for the immediately preceding two years plus the partial tax abatement that is being requested equals less than $250,000 must seek the approval of the Executive Director of the Office of Economic Development