|Property Tax Exemption|
|The Louisiana Constitution exempts from taxation the property of nonprofit corporations.
The Louisiana Constitution exempts from state taxation property owned by a nonprofit corporation organized and operated exclusively for charitable purposes. La. Const. art 7, §21(B)(1)(a)(i). Medical equipment leased for a term exceeding five years to a nonprofit corporation that operates a small rural hospital may also be exempt from property tax if additional statutory requirements are met. La. Const. art 7, §21(B)(1)(a)(ii).