§ 17-30. Reduction in tax for certain investments.
Latest version.
The amount of license payable [under section 17-29] shall be one-third (
1/3
) of the amount so fixed if the payer shall file a sworn statement with the police
jury at the time of making application for license, showing that at least one-sixth
(
1/6
) of the total admitted assets of the payer is invested and maintained in bonds of
the State of Louisiana, or of municipal, school, road or levee district or other political
subdivision, or in mortgages on property located in the State of Louisiana, or in
corporations organized under the laws of the State of Louisiana, or in policy loans
or other loans to residents to the State of Louisiana, or in corporations organized
under the laws of the State of Louisiana, and domiciled in the State of Louisiana,
or in capital stock of corporations organized under the laws of the State of Louisiana
and domiciled in the state, the value of which is entirely represented by real estate
owned by said corporations in the State of Louisiana.
(Ord. No. 474, § 1, 8-7-56)
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