Loading chat...
LA HB330
Bill
Status
Introduced
4/3/2025
Primary Sponsor
Edmond Jordan
Click for details
AI Summary
- Creates a Louisiana individual income tax credit for homeowners' insurance premiums exceeding $3,000 per year, with a maximum credit of $5,000
- Applies only to residential property where the taxpayer claims the homestead exemption
- Unused credit amounts may be carried forward for up to five years, but cannot exceed taxes owed in any given year
- Credit available for taxable years beginning January 1, 2026 through December 31, 2031
- Estimated fiscal impact of -$250,000,000 to the General Fund
Legislative Description
Establishes an income tax credit for annual homeowners' insurance premiums paid in excess of a certain amount (OR -$250,000,000 GF RV See Note)
TAX CREDITS
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025
Committee Referrals
Ways and Means4/3/2025
Ways and Means4/3/2025
Full Bill Text
No bill text available