TAX/TAX REBATES: Authorizes a rebate for inventory taxes paid (OR DECREASE SD RV See Note)

HB 650 creates a rebate for businesses that paid local inventory taxes but are ineligible for an existing state tax credit (R.S. 47:6006). It authorizes a rebate equal to the percentage used in the existing credit, based on the amount of local inventory taxes paid to parishes or cities in the prior year. Businesses must apply by June 30th of the following year with required documentation, but cannot claim this rebate if they already received other state tax benefits for the same taxes. The rebate is funded from current state tax collections and applies only to taxes paid after December 31, 2025, becoming effective January 1, 2027.