HLS 25RS-420 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 224
BY REPRESENTATIVE GALLE
TAX/INSURANCE PREMIUM: Decreases the annual premium tax on certain vehicle
insurance policies
1 AN ACT
2To amend and reenact R.S. 22:831(A)(1), relative to insurance premium taxes; to provide
3 for the annual insurance premium tax levied on policies covering the risks of
4 vehicles; to provide for the amount of the annual tax for policies covering the risks
5 of vehicles; to provide for applicability; to provide for an effective date; and to
6 provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 22:831(A)(1) is hereby amended and reenacted to read as follows:
9 ยง831. Fire, marine, transportation, casualty, surety, or other insurance
10 A.(1)(a) Except as provided in Subparagraph (b) of this Paragraph, upon
11 Upon the business of issuing policies, contracts, or other forms of obligations
12 covering the risk of fire, marine, transportation, surety, fidelity, indemnity, guaranty,
13 workers' compensation, employers' liability, property damages, livestock, vehicle,
14 automatic sprinkler, burglary, or insurance of any other kind whatsoever in this state
15 not otherwise provided for in this Part, the minimum annual tax shall be one hundred
16 eighty-five dollars when the gross annual premiums shall be six thousand dollars or
17 less; and when the gross annual premiums shall be more than six thousand dollars,
18 the amount of tax payable shall be increased to three hundred dollars for each
19 additional ten thousand dollars, or fraction thereof, of gross annual premiums. The
20 business of issuing each of the kinds of insurance or contracts mentioned in this
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-420 ORIGINAL
HB NO. 224
1 Section may be combined under one tax, and the amount of the tax shall be based on
2 the combined gross annual premiums of all such businesses.
3 (b) Beginning July 1, 2026, upon the business of issuing policies, contracts,
4 or other forms of obligations covering the risk of a vehicle, the minimum annual tax
5 shall be one hundred eighty-five dollars when the gross annual premiums shall be six
6 thousand dollars or less; and when the gross annual premiums shall be more than six
7 thousand dollars, the amount of tax payable shall be increased to two hundred dollars
8 for each additional ten thousand dollars, or fraction thereof, of gross annual
9 premiums.
10 * * *
11 Section 2. The provisions of this Act shall be applicable to policies, contracts, or
12other forms of obligations covering the risks of a vehicle issued or executed on or after July
131, 2026.
14 Section 3. This Act shall become effective on July 1, 2026.
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 224 Original 2025 Regular Session Galle
Abstract: Beginning July 1, 2026, decreases the annual premium tax on vehicle insurance
policies or other vehicle risk contracts with gross annual premiums that exceed
$6,000, from $300 for each additional $10,000 of gross annual premiums to $200 for
each additional $10,000 of gross annual premiums.
Present law levies an annual premium tax on each insurer issuing insurance policies or
contracts in this state, including policies that cover vehicle risks. The minimum annual tax
amount is $185 when gross annual premiums are $6,000 or less and for policies with gross
annual premiums in excess of $6,000, the amount of the tax shall be $300 for each additional
$10,000, or fraction thereof, of gross annual premiums. Present law requires the tax to be
paid on a quarterly basis.
Proposed law retains present law for all insurance policies or other obligations issued in this
state other than those that cover vehicle risks.
Proposed law retains present law with respect to the amount of the minimum annual tax for
vehicle risk policies when gross annual premiums are $6,000 or less. Beginning July 1,
2026, proposed law reduces the additional amount of tax for vehicle risk policies that have
gross annual premiums in excess of $6,000 from $300 for each additional $10,000 of gross
annual premiums to $200 for each additional $10,000 of gross annual premiums.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-420 ORIGINAL
HB NO. 224
Proposed law applies to policies or contracts covering vehicle risks issued or executed on
or after July 1, 2026.
Effective July 1, 2026.
(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.