LA 45
2001-H 6450
Enacted 6/29/2001


A  N     A   C   T

EXEMPTING FROM TAXATION THE REAL, MIXED AND PERSONAL PROPERTY OF THE GRANITE THEATRE CORPORATION

Introduced By:  Representatives Lewiss, Thompson and Kennedy Date Introduced:   May 23, 2001

It is enacted by the General Assembly as follows:

SECTION 1. All the real, mixed, and personal property of THE GRANITE THEATRE CORPORATION incorporated on January 4, 2000 as a nonbusiness corporation, shall be exempt from state and local taxation so long as said property shall be used for the purposes for which said corporation was incorporated.

SECTION 2. This act shall take effect upon passage.

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