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LA HB475
Bill
Status
Passed
6/20/2025
Primary Sponsor
Gabe Firment
Click for details
AI Summary
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Extends the termination date for insurance premium tax credits for retaliatory taxes paid by certain domestic insurers from December 31, 2029 to December 31, 2031
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Amends R.S. 22:836(B)(9), which allows Louisiana-based insurers to claim credits against state premium taxes for retaliatory taxes they pay to other states
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Provides a two-year extension of the existing tax credit program
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Becomes effective upon signature by the governor or upon expiration of the time for bills to become law without signature
Legislative Description
Extends the sunset date of the tax credit for retaliatory taxes paid by certain domestic insurers (EN SEE FISC NOTE GF RV See Note)
TAX CREDITS
Last Action
Effective date: 06/20/2025.
6/20/2025
Committee Referrals
Revenue & Fiscal Affairs5/12/2025
Ways and Means4/4/2025
Full Bill Text
No bill text available