Senate Bill No. 52, introduced by Senator McMath, aims to provide an individual income tax exemption for grants received from the Louisiana Fortify Homes Program, effective for grants received on or after January 1, 2025. The bill enacts new legal language in R.S. 22:1483.1(F), stating that grant amounts from this program will be exempt from inclusion in the recipient's taxable income for state individual income tax purposes. Additionally, it modifies the definition of "tax table income" in R.S. 47:293(9)(a) to include an exemption for these grant amounts.

The Louisiana Fortify Homes Program, which currently allows for financial grants to retrofit roofs of insurable properties with a homestead exemption, remains unchanged under the proposed law. The bill is set to take effect upon the governor's signature or after the designated time for gubernatorial action if not signed.