The bill enacts new provisions related to the Louisiana Fortify Homes Program, specifically addressing the tax implications of grants received through this program. It introduces R.S. 22:1483.1(F), which states that grant amounts received on or after January 1, 2025, will be exempt from inclusion in the recipient's taxable income for state individual income tax purposes. Additionally, it establishes a new definition under R.S. 47:293(9)(a)(xxvii) that specifies these grant amounts will not be counted as part of "tax table income."

The effective date of the bill is contingent upon the governor's signature or, if not signed, the expiration of the time for bills to become law without signature. If the bill is vetoed and later approved by the legislature, it will take effect the day after such approval. This legislation aims to provide financial relief to individuals receiving grants from the Louisiana Fortify Homes Program by ensuring that these funds do not increase their taxable income.