No ad valorem or personal property taxes shall be imposed by any parish, municipality, school board, or other political subdivision of the state on cooperative endeavors and joint ventures involving a rural hospital as defined in La. Rev. Stat. 40:1300.143, which is also a hospital service district, provided such cooperative endeavor or joint venture:

(1)  Is established as a cooperative endeavor or joint venture pursuant to La. Rev. Stat. 46:1077.

(2)  Is established to construct or operate one or more of the following:

(a)  Medicare certified hospital.

(b)  Medicare certified independent diagnostic testing facility.

(c)  Magnetic resonance imaging equipment or facility.

(d)  Computerized tomography equipment or facility.

(e)  Positron emission tomography scanner or facility.

(f)  Ambulatory surgical center.

(g)  Comprehensive outpatient rehabilitation facility.

(h)  Diagnostic laboratory.

(i)  Physical, occupational, or speech therapy clinic or rehabilitation agency.

(3)  Provides the rural hospital service district with more than fifty percent of such cooperative endeavor or joint venture.

(4)  Provides that the rural hospital service district is entitled to receive its pro rata share of any net profits or losses of the cooperative endeavor or joint venture.

Acts 2006, No. 799, §1, eff. June 30, 2006.