House Bill No. 287, introduced by Representatives Beaullieu and Owen, seeks to amend the existing law regarding the authority of the Louisiana Tax Commission to impose fees for the assessment of certain properties, specifically public service, insurance company, and financial institution properties. The bill extends the current authority for these fees from June 30, 2026, to June 30, 2030. The fee structure remains unchanged, with rates set at .0004% for public service properties, and .0003% for both insurance companies and financial institutions.

The proposed changes are encapsulated in the amendment to R.S. 47:1838, where the introductory paragraph is updated to reflect the new expiration date for the fee imposition authority. The bill will take effect upon the governor's signature or, if not signed, after the designated time for bills to become law without signature, as outlined in the Louisiana Constitution.

Statutes affected:
HB287 Original: 47:1838
HB287 Engrossed: 47:1838