HLS 25RS-478 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 475
BY REPRESENTATIVE FIRMENT
TAX CREDITS: Increases the maximum amount of insurance premium tax credits for
retaliatory taxes paid by certain domestic insurers that may be claimed in a fiscal
year and extends the sunset date of the credit
1 AN ACT
2To amend and reenact R.S. 22:836(B)(introductory paragraph), (6), (7), and (9), relative to
3 insurance premium tax credits; to provide for the maximum amount of credits
4 authorized in a fiscal year for certain domestic insurers; to provide for the payment
5 and administration of the credit; to extend the termination date of the credit; to
6 provide for an effective date; and to provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 22:836(B)(introductory paragraph), (6), (7), and (9) are hereby
9amended and reenacted to read as follows:
10 ยง836. Retaliatory taxes and fees; insurance premium tax credits for retaliatory taxes
11 paid by certain domestic insurers
12 * * *
13 B. A Louisiana domestic insurer that is authorized to write and does write
14 insurance in Louisiana on an admitted basis and in at least one other state on an
15 admitted basis as of July 1, 2023, shall be allowed a refundable credit, subject to the
16 limitation set forth in Paragraph (6) of this Subsection. The refundable credit shall
17 offset insurance premiums taxes due on the Annual Premium Tax Return due March
18 first each year.
19 * * *
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HB NO. 475
1 (6) The maximum amount of credits authorized by this Subsection shall not
2 exceed nine twenty-five million dollars in any fiscal year.
3 (7) In the event that there are credits claimed for retaliatory taxes paid by
4 domestic admitted insurers that are in excess of nine twenty-five million dollars in
5 any fiscal year, the commissioner shall make refunds on a pro rata basis to the
6 eligible domestic admitted insurers, based upon the proportion of the total amount
7 of retaliatory tax paid by each domestic admitted insurer for the relevant time period.
8 * * *
9 (9) No credit authorized pursuant to the provisions of this Subsection shall
10 be granted for retaliatory taxes based upon insurance premiums written in other
11 states after December 31, 2029 December 31, 2034.
12 Section 2. This Act shall become effective upon signature by the governor or, if not
13signed by the governor, upon expiration of the time for bills to become law without signature
14by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
15vetoed by the governor and subsequently approved by the legislature, this Act shall become
16effective on the day following such approval.
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 475 Original 2025 Regular Session Firment
Abstract: Increases the maximum amount of insurance premium tax credits authorized to
be claimed in a fiscal year for retaliatory taxes paid by domestic insurers from $9M
to $25M and extends the termination date of the credit from Dec. 31, 2029 to Dec.
31, 2034.
Present law with regard to retaliatory fees, requires that when any other state imposes
additional fees, taxes, or penalties on La. insurers doing business in another state, La. is
required to impose the same additional fees, taxes, and penalties on the other states' insurers
doing business in La. Present law further requires insurers organized under other state's laws
that are admitted to transact business in La. to pay the same fees to the commissioner of
insurance as the insurer would pay in the state in which the insurer is organized.
Present law provides for a refundable insurance premium tax credit for any La. domestic
insurer (domestic insurer) that is authorized to write and does write insurance in this state
and writes insurance in at least one other state. The amount of the credit is equal to the
amount of any retaliatory tax paid to any other state for the period in which the retaliatory
tax was paid. The credit shall be applied against the domestic insurer's state premium tax
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HB NO. 475
liability and any credit amount in excess of its premium tax liability shall be refunded to the
domestic insurer.
Present law limits the maximum amount of credits that may be claimed by domestic insurers
in any fiscal year to $9M. However, if credits claimed exceed $9M in any fiscal year, the
commissioner shall make refunds on a pro rata basis to eligible domestic insurers based on
the proportion of the total amount of retaliatory tax paid by each insurer for the relevant time
period.
Proposed law retains present law but increases the maximum amount of credits that may be
claimed by domestic insurers in any fiscal year from $9M to $25M.
Present law prohibits a credit from being allowed for retaliatory taxes incurred or paid after
Dec. 31, 2029.
Proposed law extends the date for which a credit shall be allowed for retaliatory taxes
incurred or paid from Dec. 31, 2029, to Dec. 31, 2034.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:836(B)(intro. para.), (6), (7), and (9))
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