{"data":{"id":"us-la/rs-47-1961.1","jurisdiction":"us-la","citation":"RS 47:1961.1","heading":"Inventories of manufacturers or merchants defined","body":"For the purpose of the classification of property subject to ad valorem taxation and the determination of the applicable percentage of fair market value in determining assessed valuation, the term \"inventories of manufacturers or merchants\" shall mean all goods held in inventory as raw materials, goods-in-process, or finished goods whether held by manufacturers, wholesalers, distributors, or retailers.","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=101426","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:40Z","sha256":"24b4eafd9d075b0821a2ad9ec8a1cebe8ed198450002d439ae3581d57a33f567","source_id":"us-la","stale":false,"prev":"us-la/rs-47-1961","next":"us-la/rs-47-1961.2"},"notice":"GroundRules: Original legal text. Not legal advice."}