HLS 23RS-1333 ORIGINAL
2023 Regular Session
HOUSE BILL NO. 633
BY REPRESENTATIVE HUVAL
INSURANCE: Provides relative to certain insurance premium taxes
1 AN ACT
2To amend and reenact R.S. 22:831(A)(1), relative to the insurance premium tax for policies
3 issued in this state covering employees, property, and casualties; to provide for a
4 decrease in such tax; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 22:831(A)(1) is hereby amended and reenacted to read as follows:
7 ยง831. Fire, marine, transportation, casualty, surety, or other insurance
8 A.(1) Upon the business of issuing policies, contracts, or other forms of
9 obligations covering the risk of fire, marine, transportation, surety, fidelity,
10 indemnity, guaranty, workers' compensation, employers' liability, property damages,
11 livestock, vehicle, automatic sprinkler, burglary, or insurance of any other kind
12 whatsoever in this state not otherwise provided for in this Part, the minimum annual
13 tax shall be one hundred eighty-five sixty dollars when the gross annual premiums
14 shall be are six thousand dollars or less; and when the gross annual premiums shall
15 be are more than six thousand dollars, the amount of tax payable shall be increased
16 to three one hundred dollars for each additional ten thousand dollars, or fraction
17 thereof, of gross annual premiums. The business of issuing each of the kinds of
18 insurance or contracts mentioned in this Section may be combined under one tax, and
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 23RS-1333 ORIGINAL
HB NO. 633
1 the amount of the tax shall be based on the combined gross annual premiums of all
2 such businesses.
3 * * *
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))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.