This bill amends R.S. 47:1967(F) concerning the assessment of bank stock for ad valorem taxes in Louisiana. The key change is the increase in the percentage of assessed value that can be deducted for assessment purposes from fifty percent to one hundred percent for certain properties owned by banks, including real estate, improvements, buildings, furniture, and fixtures. This deduction is applicable even if the properties are owned by a separate corporation, as long as the bank holds all the capital stock of that corporation, excluding any qualifying shares held by directors.

The bill specifies that these changes will take effect on January 1, 2026, unless vetoed by the governor and subsequently approved by the legislature, in which case the effective date would be the day following such approval or January 1, 2026, whichever is later. This legislative adjustment aims to provide banks with a more favorable tax assessment framework, potentially impacting their financial operations and tax liabilities.

Statutes affected:
SB82 Original: 47:1967(F)
SB82 Engrossed: 47:1967(F)
SB82 Enrolled: 47:1967(F)
SB82 Act : 47:1967(F)