Louisiana Court of Appeal November 27, 2013, No. 2013-CA-0556 (Gulf Coast Housing Partnership, Inc. v. Bureau of the Treasury)

MAX N. TOBIAS, JR., Judge.

I,The issue before us is whether an immovable property owning Louisiana limited liability company that is a wholly-owned affiliate of a Delaware nonprofit corporation qualified to do and doing business in Louisiana and income tax-exempt under 26 U.S.C.A. § 501, 26 U.S.C.A. § 501, is exempt from paying ad valorem taxes on that immovable property.