House Bill No. by Representative Beaullieu amends R.S. 47:1838 to extend the authority of the Louisiana Tax Commission to impose certain fees related to the assessment of public service, insurance company, and financial institution properties. The bill changes the effective period for these fees from the previous end date of June 30, 2026, to a new end date of June 30, 2030. The specific fee rates remain unchanged, with .0004% for public service properties, and .0003% for both insurance companies and financial institutions.

The bill will take effect upon the governor's signature or, if not signed, after the expiration of the time for bills to become law without the governor's signature. If the bill is vetoed and later approved by the legislature, it will become effective the day after such approval. This extension aims to provide continued funding for the assessment services performed by the Louisiana Tax Commission.

Statutes affected:
HB287 Original: 47:1838