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 391 Original 2023 Regular Session Fontenot
Abstract: Authorizes individual income tax deductions for homeowner's insurance premiums,
condominium owner's insurance premiums, and renter's insurance premiums for insurance
on taxpayers' primary residences.
Proposed law authorizes a deduction from tax table income for a taxpayer in the amount of the
premiums for a homeowner's insurance policy, condominium owner's insurance policy, or renter's
insurance policy for the taxpayer's primary residence paid by the taxpayer during the taxable year.
Proposed law requires taxpayers who claim the deduction to maintain all records necessary to verify
the property insurance premiums paid for his primary residence in the taxable year for which he
claims the deduction. Requires that, if requested, a taxpayer shall provide these records to the Dept.
of Revenue in connection with the filing of his tax return.
Proposed law authorizes the secretary of the Dept. of Revenue to promulgate administrative rules
as necessary to implement the provisions of proposed law.
Proposed law applies to taxable periods beginning on or after Jan. 1, 2023.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 47:293(9)(a)(xxvi) and 297.23)