House Bill No. by Representative Glorioso proposes the enactment of a new individual income tax deduction for homeowners' insurance policy premiums paid by resident taxpayers in Louisiana. The bill introduces new legal language under R.S. 47:293(9)(a)(xxvii) and R.S. 47:297.6, which allows taxpayers to deduct the actual amount of homeowners' insurance premiums paid during a taxable year for their primary residence, provided they claim a homestead exemption. Taxpayers are required to maintain documentation of these premiums and submit it to the Department of Revenue when filing their income tax returns.

The provisions of this bill will take effect on January 1, 2026, and will apply to homeowners' insurance policy premiums paid on or after that date. Additionally, the secretary of the Department of Revenue is authorized to create necessary rules for implementing the deduction, including guidelines for documentation submission. This legislation aims to provide financial relief to homeowners by allowing them to reduce their taxable income based on their insurance expenses.