TAX/TAXATION: Provides relative to the tax credits for local inventory taxes paid. (gov sig) (OR DECREASE GF RV See Note)

SB 169 expands eligibility for a tax credit on local inventory taxes to include farmers, fruitgrowers, and cooperative associations organized for marketing members' products. It allows these groups to claim the credit even if it exceeds their tax liability, providing for refunds or carry-forward of unused credits to future tax years. The bill modifies existing tax code (R.S. 47:6006(A)(4)) to clarify these provisions. This change applies to taxable periods beginning January 1, 2025.