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LA HB370
Bill
Status
2/24/2026
Primary Sponsor
Rhonda Butler
Click for details
AI Summary
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Doubles the assessment rate on regulated agricultural commodities from 0.04% (one twenty-fifth of one percent) to 0.08% (two twenty-fifths of one percent)
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Assessment applies to agricultural commodities sold to grain dealers and cotton merchants in Louisiana
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Licensees must pay assessments to the commission at the first point of sale
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Revenue funds the Grain and Cotton Indemnity Fund established under R.S. 3:3412.1
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Effective upon governor's signature or expiration of time for gubernatorial action
Legislative Description
Provides for the assessment rate on agricultural commodities for the Grain and Cotton Indemnity Fund (OR +$626,130 SD RV See Note)
AGRICULTURE/GRAIN
Last Action
Read by title, under the rules, referred to the Committee on Agriculture, Forestry, Aquaculture, and Rural Development.
3/9/2026