The bill amends R.S. 47:1967(F) concerning the assessment of bank stock for ad valorem taxes in Louisiana. It increases the percentage of assessed value that can be deducted for certain properties owned by banks from fifty percent to one hundred percent. This change applies to real estate, improvements, buildings, furniture, and fixtures owned by the bank, and it allows for deductions even if these assets 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 provisions of this Act will take effect on January 1, 2026, unless vetoed by the governor and subsequently approved by the legislature, in which case it will become effective the day after such approval or on January 1, 2026, whichever is later.

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