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 633 Original 2023 Regular Session Huval
Abstract: Decreases the tax on gross annual premiums with respect to insurance covering
employees, property, and casualties.
Present law requires a minimum annual tax of $185 when gross annual premiums are $6,000 or less
with respect to insurance covering marine, transportation, surety, fidelity, indemnity, guaranty,
workers' compensation, risk of fire, and other property and casualties. Further increases the tax to
$300 for each additional $10,000 when gross annual premiums are greater than $6,000.
Proposed law decreases the tax from $185 to $60 when gross annual premiums are $6,000 or less
and decreases the tax from $300 to $100 for each additional $10,000 when gross annual premiums
are greater than $6,000.
(Amends R.S. 22:831(A)(1))