SB 82 Louisiana Senate · 2025 Regular Session

TAX/AD VALOREM: Provides with respect to ad valorem taxes on shares of bank stock. (1/1/26) (EN DECREASE LF RV See Note)

SB 82 clarifies Louisiana's property tax rules for banks by maintaining a 51% deduction of assessed value for real estate (like buildings and equipment) owned by banks when calculating taxes on their stock. This directly affects banks operating in Louisiana that own physical properties. The bill updates the legal wording of this deduction provision without changing the percentage rate. It would take effect January 1, 2026, if enacted.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

May 2025

Senate Passage

May 2025

House Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Apr 2, 2025 Signed Jun 8, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

SB82 Original → SB82 Act · 3 edits

MINOR

This bill amends Louisiana law to increase the tax deduction for banks owning real estate, changing the deduction from 50% to 100% of the assessed value of such property. This change reduces the ad valorem tax burden on bank stock by allowing banks to fully offset the value of their owned real estate when calculating taxes. The law remains effective on January 1, 2026, unless vetoed and re-approved.

Scope change

The scope of the tax deduction was expanded to include the full assessed value of real estate owned by banks, whereas previously only half of that value was deductible.

FISCAL

Increased the tax deduction for bank-owned real estate from 50% to 100% of the assessed value.

TIMELINE

Maintained the effective date of January 1, 2026, with standard provisions for gubernatorial veto override.

TECHNICAL

Updated document headers and formatting to reflect the bill's status as an enrolled act.

Floor votes · Senate May 5, 2025 · House Jun 3, 2025

How they voted

36–0

Passed · 3 other

Total votes 39

May 5, 2025

D Democratic11

11 Yea

100% Yea

R Republican28

25 Yea 3

89% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 8, 2025

Became law

Signed by the Governor. Becomes Act No. 104.

Jun 3, 2025

House · Passed

Read third time by title, roll called on final passage, yeas 92, nays 0. Finally passed, ordered to the Senate.

May 20, 2025

House · Amendment offered

Reported without Legislative Bureau amendments.

May 19, 2025

House · Reported by committee

Reported favorably (14-0). Referred to the Legislative Bureau.

May 6, 2025

House · Referred to committee

Read by title, under the rules, referred to the Committee on Ways and Means.

May 5, 2025

Senate · Passed

Read by title, passed by a vote of 36 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

Apr 30, 2025

Senate · Reported by committee

Rules suspended. Recalled from Committee.

Apr 23, 2025

Senate · Referred to committee

Read by title. Ordered engrossed and recommitted to the Committee on Finance.

Apr 22, 2025

Senate · Reported by committee

Reported favorably.

Apr 14, 2025

Senate · Referred to committee

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs.

1 primary · 0 co-sponsors