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 Engrossed 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 for assessment of insurance companies and financial institutions.
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 concerning the fees payable for the assessment of public service
properties by extending the authority for imposition of the fee for the period from July 1, 2018
through June 30, 2022.
Proposed law changes present law concerning the fees payable for the assessment of insurance
companies and financial institutions 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)Insurance companies, from .000015% to .0003%
(2)Financial institutions, from .000015% to .0003%
Effective July 1, 2018.
(Amends R.S. 47:1838(intro. para.) and (1) - (3))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Remove the fee increase on assessments of public service properties.