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LA HB663
Bill
Status
4/23/2025
Primary Sponsor
Gabe Firment
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AI Summary
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Establishes the Fortify Coastal Homes Fund in the state treasury to provide grants for residential roof fortification within Louisiana's coastal zone
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Deposits into the fund the lesser of 5% or $60 million from state sales and use taxes collected in the coastal zone during the first two months following a declared natural disaster affecting the coastal area
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Defines "coastal zone" as parishes through which the inland boundary line runs (per Act 588 of 2012) and all parishes geographically below that line
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Requires the Department of Revenue to submit annual reports by February 1 to the legislature and Department of Insurance detailing collections, deposits, and calculation methodology
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Effective July 1, 2026
Legislative Description
Provides for the disposition of certain state sales and use tax collections for the purpose of fortifying residential roofs in the coastal zone (EG SEE FISC NOTE SD RV See Note)
TAX/INSURANCE PREMIUM
Last Action
Read by title, ordered engrossed, recommitted to the Committee on Appropriations.
5/13/2025