DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 155 Original 2018 Regular Session Stokes
Abstract: Continues authority of the La. Tax Commission to impose fees for the assessment of
public service, insurance company, and financial institution properties, and increases the
amount of the fees.
Present law authorizes the La. Tax Commission to impose fees for the assessment of public service,
insurance company, and financial institution properties. The fee amounts authorized for the period
beginning July 1, 2014, and ending June 30, 2018, are:
(1).0004% for public service properties
(2).000015% for insurance companies
(3).000015% for financial institutions
Proposed law changes present law by extending the authority to impose the fee for the period of July
1, 2018, through June 30, 2022, and by increasing the amount of the fees as follows:
(1)Public service properties, from .0004% to .0005%
(2)Insurance companies, from .000015% to .00003%
(3)Financial institutions, from .000015% to .00003%
Effective July 1, 2018.
(Amends R.S. 47:1838(intro. para.) and (1) - (3))