Senate Bill No. by Senator Edmonds aims to establish the exclusive authority of the city of St. George to levy and administer insurance premium taxes within its corporate limits. The bill amends R.S. 33:3078 and introduces R.S. 33:3077(8), defining "insurance premium tax" as a municipal license tax imposed on insurers based on premiums written on risks located within the city. The bill specifies that, effective January 1, 2027, the city of St. George will exclusively exercise all municipal authority related to this tax, and the city of Baton Rouge and East Baton Rouge Parish will not be allowed to levy or collect any insurance premium tax on risks within St. George.

Additionally, the bill clarifies that there will be no duplicative taxation, ensuring that an insurer is subject to only one local insurance premium tax for a given risk and period. It allows for intergovernmental agreements between the city of St. George and East Baton Rouge Parish solely for administrative purposes, such as records transfer, but prohibits the parish from continuing to collect the insurance premium tax. The provisions of the bill are set to take effect on January 1, 2027, and will apply prospectively to premiums attributable to periods beginning on or after that date.

Statutes affected:
SB485 Original: