HLS 25RS-833 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 330
BY REPRESENTATIVE JORDAN
TAX CREDITS: Establishes an income tax credit for annual homeowners' insurance
premiums paid in excess of a certain amount
1 AN ACT
2To enact R.S. 47:297.26, relative to individual income tax; to establish a tax credit for
3 certain amounts of qualifying homeowners' insurance premiums; to provide for
4 definitions; to provide for the amount of the credit; to provide for a carry-forward
5 period for unused credit amounts; to provide for requirements and limitations with
6 respect to the credit; to require promulgation of rules; to provide for applicability;
7 to provide for an effective date; and to provide for related matters.
8Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 47:297.26 is hereby enacted to read as follows:
10 ยง297.26. Tax credit; homeowners' insurance premiums paid
11 A. There shall be allowed for resident individual taxpayers a credit against
12 the tax imposed by this Chapter for certain amounts of qualifying homeowners'
13 insurance premiums paid. For purposes of this Section, "qualifying homeowners'
14 insurance premiums paid" shall mean premiums that a taxpayer pays for one or more
15 homeowners' insurance policies on residential property in this state for which the
16 taxpayer claims the homestead exemption.
17 B. The amount of the credit shall equal the lesser of the following:
18 (1) The amount of qualifying homeowners' insurance premiums paid in
19 excess of three thousand dollars in a taxable year.
20 (2) Five thousand dollars.
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HB NO. 330
1 C. If the tax credit earned pursuant to this Section exceeds the total tax
2 liability of a taxpayer in the taxable year, the amount of the credit not used as an
3 offset against the taxpayer's tax liability in the taxable year may be carried forward
4 as a credit against subsequent income tax liabilities for a period not to exceed five
5 taxable years. However, in no event shall the amount of the credit applied by a
6 taxpayer in a taxable period exceed the amount of taxes due from the taxpayer for
7 that taxable period.
8 D. Any taxpayer claiming the credit authorized in this Section shall maintain
9 all records necessary to verify his eligibility for the credit and for the amount of
10 credit claimed and if requested, shall provide the records to the Department of
11 Revenue, when filing the taxpayer's income tax return.
12 E. The secretary of the Department of Revenue shall promulgate rules in
13 accordance with the Administrative Procedure Act as are necessary to implement the
14 provisions of this Section.
15 F. No credits authorized by this Section may be claimed for any taxable year
16 beginning after December 31, 2031.
17 Section 2. The provisions of this Act shall apply to taxable periods beginning on or
18after January 1, 2026.
19 Section 3. This Act shall become effective on January 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 330 Original 2025 Regular Session Jordan
Abstract: Establishes an income tax credit for certain amounts of homeowners' insurance
premiums paid by a taxpayer for insurance on the residential property for which the
taxpayer claims the homestead exemption.
Proposed law authorizes an individual income tax credit for certain amounts of qualifying
homeowners' insurance premiums paid. Proposed law defines "qualifying homeowners'
insurance premiums paid" as premiums a taxpayer pays for one or more homeowners'
insurance policies on residential property in this state for which the taxpayer claims the
homestead exemption.
Proposed law provides that the amount of the credit shall equal the lesser of the following:
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HB NO. 330
(1)The amount of qualifying homeowners' insurance premiums paid in excess of $3,000
in a taxable year.
(2)$5,000.
Proposed law provides that if the credit exceeds the amount of taxes due from a taxpayer for
a taxable period, then any unused credit amount may be carried forward by the taxpayer as
a credit against subsequent tax liability for a period not to exceed five years. Stipulates,
however, that the amount of the credit applied in a taxable period shall not exceed the
amount of taxes due from the taxpayer for that period.
Proposed law requires taxpayers claiming the credit to maintain all records necessary to
verify their eligibility for the credit and for the amount of credit claimed and, if requested,
shall provide the records to the Dept. of Revenue when filing the taxpayer's tax return.
Proposed law prohibits credits from being earned for any taxable year beginning after Dec.
31, 2031.
Proposed law applies to taxable periods beginning on or after Jan. 1, 2026.
Effective January 1, 2026.
(Adds R.S. 47:297.26)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.