Senate Bill No. 73, introduced by Senator Miller, aims to repeal specific sections of previous legislation concerning the assessment, payment, and allocation of ad valorem taxes in Louisiana. Specifically, it repeals Section 4 of Act No. 774 from the 2024 Regular Session and Section 5 of Act No. 411 from the 2025 Regular Session, effectively eliminating the provisions related to the tax lien process for ad valorem taxes that were set to be applicable to taxable periods beginning on or after January 1, 2026.

The bill outlines that it will become effective upon the governor's signature or, if not signed, upon the expiration of the time for bills to become law without signature. If the bill is vetoed and later approved by the legislature, it will take effect the day after such approval. This legislative action reflects a significant change in the handling of ad valorem taxes, as it removes previously established guidelines and processes.