LA SB179

Amends R.S. 47:1855(G)(2) to change how ad valorem tax assessed values are allocated for movable property owned by nonresident companies with no Louisiana agent or office

Replaces the previous default allocation to East Baton Rouge Parish with a new formula based on the ratio of active railroad track miles in each parish to total state railroad track miles

Louisiana Tax Commission must annually publish railroad track mileage data; assessors may certify identifiable major movables present in their parish as of January 1st for direct allocation

Phases in the new allocation methodology over four years: 25% to parishes/75% to East Baton Rouge (2026), 50/50 (2027), 75/25 (2028), and 100% to parishes (2029 and after)

Applies to taxable periods beginning on or after January 1, 2026, and becomes effective upon gubernatorial signature