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LA HB493

Bill

Official Source

Status

Passed

6/11/2025

Primary Sponsor

Raymond Crews

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Exempts aircraft with an operating empty weight under 7,000 pounds from personal property tax, increasing the previous threshold from 6,000 pounds
  • Expands eligible owners to include limited liability companies in addition to private individuals
  • Replaces the previous requirement that aircraft not be "used for commercial or profit-making purposes" with a requirement that aircraft be used in 14 CFR Part 91 operation (general aviation/non-commercial flights)
  • Repeals R.S. 47:6001(B), removing inoperative provisions from the statute
  • Effective January 1, 2026, applying to taxable periods beginning on or after that date

Legislative Description

Provides relative to a property tax exemption for certain private aircraft (EN DECREASE LF RV See Note)

TAX EXEMPTIONS

Last Action

Effective date: 01/01/2026.

6/11/2025

Committee Referrals

Revenue & Fiscal Affairs5/20/2025
Ways and Means4/4/2025

Full Bill Text

No bill text available