The Senate Concurrent Resolution No. aims to establish the Commission on the Equitable Distribution of Certain Ad Valorem Taxes in Louisiana. This commission is tasked with studying and recommending changes to the state's tax laws to ensure a more equitable distribution of assessed property values for ad valorem taxes, particularly concerning movable property owned by non-residents or companies without a physical presence in Louisiana. Historically, since 1974, the assessed value of such property has been allocated solely to East Baton Rouge Parish, prompting the need for a comprehensive analysis of the potential impacts of reallocating this value among all parishes in the state.

The commission will consist of various appointed members, including state senators and representatives, as well as representatives from local associations. It is required to submit a written report with recommendations for long-term legislative changes by March 31, 2025. The commission will also consider factors such as the allocation methodology, implementation timelines, and the logistics of tax bill preparation and distribution. The commission is expected to convene by September 30, 2024, and will operate without compensation for its members, except for per diem or expense reimbursements. The commission will be staffed by the Senate Committee on Revenue and Fiscal Affairs and will dissolve upon submitting its report or by June 30, 2025, whichever comes first.