Senate Bill No. SLS 25RS-5 proposes tax exemptions for motor vehicle purchases made by honorably discharged veterans, retired veterans, and their spouses. The bill enacts new provisions under R.S. 47:305.37 and 479.2, which exempt these individuals from state and local sales and use taxes, as well as vehicle registration and license taxes, provided that the purchase occurs within two years of the veteran's separation from service or retirement. Eligibility for these exemptions will be determined by rules established by the Department of Revenue and the Department of Public Safety and Corrections.

The exemptions will only apply to the first purchase of a motor vehicle made by the eligible veterans or their spouses after July 1, 2025. Additionally, the bill specifies that the exemptions will not apply to commercial vehicles or to personalized license plates that are not classified as military honor plates. The effective date for these provisions is set for July 1, 2025, and they will be applicable to taxable periods beginning on or after that date.