LA SB82

Increases the deduction for bank-owned real estate, improvements, buildings, furniture, and fixtures from 50% to 100% of assessed value when calculating ad valorem taxes on bank stock

Applies to property owned directly by banks or by separate corporations whose capital stock is entirely owned by the bank (except directors' qualifying shares)

Bank stock assessments are calculated at 15% of fair market value, with this deduction then applied

Effective January 1, 2026