Revenue and Fiscal Affairs

This bill establishes a framework for Louisiana to manage its state capital improvement projects through a five-year bond program. It repeals outdated bond authorizations that cannot be used due to inflation or impracticality while authorizing new bonds for essential projects. The State Bond Commission will issue general obligation bonds to fund capital improvements, with some projects requiring dedicated revenue streams like student fees to cover debt payments. This legislation creates a systematic process for updating bond authorizations annually to ensure only feasible and necessary projects receive funding.

HB 799 establishes new boiler safety regulations in Louisiana, directly affecting boiler operators, inspectors, and manufacturers. It grants the state fire marshal exclusive authority to enforce safety standards, requiring annual external inspections for all boilers and internal inspections for high-pressure systems (with limited extensions under specific conditions). The bill mandates that inspections follow American Society of Mechanical Engineers (ASME) industry standards, creates a licensing system for boiler inspectors, and requires detailed inspection records. Fees, penalties for violations, and specific procedures for boiler installation and operation are also defined under this legislation.

This bill updates Louisiana's local sales and use tax audit procedures to increase transparency and fairness for taxpayers. It requires tax collectors to randomly select businesses for audits rather than targeting specific ones without cause, unless there is documented evidence of tax violations. The law also mandates that collectors get approval from their governing board before starting any audit and must provide advance notice to taxpayers. Additionally, the bill prohibits collectors from forcing taxpayers to sign time-limit waivers as a condition of closing an audit and clarifies rules about interest and penalties on unpaid taxes.

This bill asks the Louisiana State Law Institute to study how to speed up the sale of tax-delinquent property that has been held for a long time. The study would focus on finding ways to sell this property to buyers who plan to fix it up and add value, rather than letting it sit idle. The Louisiana State Law Institute must complete its research and send recommendations to the state legislature by January 1, 2027. This request comes after recent changes to how tax liens are handled, which still allow some properties to remain unsold for extended periods. The bill does not change any laws itself but instead seeks expert advice on potential improvements to the current tax sale system.

SB 88 proposes a constitutional amendment allowing Louisiana parishes to approve an additional $22,500 property tax exemption for homes already qualifying for the existing $7,500 homestead exemption. Local parish governments would need to formally approve this extra exemption, and taxing authorities must absorb any resulting revenue loss without increasing taxes for other property owners. The amendment requires voter approval in a statewide election on November 3, 2026, and specifies that this exemption would not trigger property reappraisals or millage adjustments. It directly affects homeowners in parishes that adopt this additional tax break.