Budget & Taxes

SB 340 requires tax assessors in 46 specific Louisiana parishes to provide property owners with a permanent registration form for the homestead exemption. This change eliminates the need for homeowners to reapply annually for the exemption, streamlining the process for those who qualify. The bill directly affects homeowners in the listed parishes who currently qualify for the homestead exemption under Louisiana law (R.S. 47:1703). It takes effect upon gubernatorial approval or legislative override of a veto, as specified in Section 2.

HB 311 increases the percentage of insurance premium assessments paid by insurers in Louisiana into the Municipal Fire and Police Civil Service Operating Dedicated Fund Account. Specifically, it raises the annual deposit rate from 0.03% to 0.035% of direct gross premiums (minus returns) for fiscal years 2029-2030 and beyond, with a temporary 0.03% rate for 2027-2028 and 2028-2029. The funds directly support the day-to-day operations of municipal fire and police civil service systems across Louisiana. The bill takes effect July 1, 2026, and requires legislative annual appropriations for fund usage.