This bill amends R.S. 22:836(B)(9) to extend the termination date for insurance premium tax credits related to retaliatory taxes paid by certain domestic insurers. Specifically, the bill changes the termination date from December 31, 2029, to December 31, 2031. This extension allows insurers to continue benefiting from these tax credits for an additional two years.

The bill will take effect upon the governor's signature or, if not signed, after the designated period for bills to become law without signature. If the governor vetoes the bill and it is later approved by the legislature, it will become effective the day after that approval.

Statutes affected:
HB475 Original: 22:836(B)
HB475 Engrossed: 22:836(B)
HB475 Enrolled: 22:836(B)(9)
HB475 Act : 22:836(B)(9)