Louisiana Ballot Measure 8
, also known as Property Tax Exemption for Drilling Rigs
, was on the October 4, 2003 special
election ballot in Louisiana
as a legislatively-referred constitutional amendment
, where it was approved.
| Ballot Measure 8|
| Yes|| 589,355|| 56%|
Text of measure
The language that appeared on the ballot:
To exempt from property tax, in each parish in which the voters have approved a proposition granting such exemption, drilling rigs and any property incorporated in or used in the operation thereof, used outside of the state exclusively for the exploration and development of minerals, but which are located within the state for the purpose of being stored, stacked, converted, renovated, or repaired.
(Effective January 1, 2004)(Adds Article VII, Section 21(J))