House Resolution No. by Representative Henry establishes a special study group tasked with examining Louisiana's insurance premium tax system, including its associated credits, deductions, and exemptions. This initiative follows the significant tax reforms enacted during the 2024 Third Extraordinary Session, which aimed to simplify the state's tax structure and reduce rates. However, the recent reforms did not address insurance premium taxes, which have become increasingly complex and burdensome for taxpayers and the insurance industry alike. The study group will consist of various stakeholders, including members from the House Committees on Insurance and Ways and Means, as well as representatives from the insurance sector and related organizations.

The study group is charged with evaluating the current insurance premium tax structure and developing policy recommendations for potential reforms. This includes assessing the impositions of premium taxes and the various credits and exemptions that apply. The group is required to submit its findings and recommendations to the House of Representatives and the David R. Poynter Legislative Research Library by December 31, 2026, with the legislative authority for the group set to terminate on January 1, 2027. Members of the study group will serve without compensation, except for any per diem or expense reimbursements they may be entitled to from their respective organizations.