HLS 25RS-944 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 662
BY REPRESENTATIVE LYONS
TAX/INSURANCE PREMIUM: Levies an insurance premium tax and dedicates the
revenue to the Louisiana Fortify Homes Program
1 AN ACT
2To enact R.S. 22:847, relative to insurance premium taxes; to levy a tax on the issuance of
3 certain commercial insurance policies; to provide for the amount of the tax; to
4 provide for requirements and limitations; to provide for the disposition of the avails
5 of the tax; 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. 22:847 is hereby enacted to read as follows:
9 ยง847. Insurance premium tax; commercial policies; dedication of proceeds to the
10 Louisiana Fortify Homes Program
11 A. In addition to policy premiums, there is hereby levied a tax on each
12 commercial general liability policy or dwelling fire insurance policy issued in this
13 state on single-family rental properties owned by a for-profit business that owns or
14 acquires forty or more such properties in a calendar year. The rate of the tax shall
15 be equal to one thousand dollars per single-family rental property. The tax levied
16 pursuant to the provisions of this Section does not apply to the first thirty-nine
17 single-family rental properties owned or acquired by the for-profit business in a
18 calendar year.
19 B. The commissioner shall collect the tax and remit the proceeds of the tax
20 to the state treasurer for deposit into the state treasury. After satisfying the
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-944 ORIGINAL
HB NO. 662
1 requirements of the Bond Security and Redemption Fund as provided by Article VII,
2 Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit in and credit
3 the avails of the tax levied pursuant to the provisions of this Section to the Louisiana
4 Fortify Homes Program Fund as established in R.S. 22:1483.1.
5 Section 2. The provisions of this Act apply to the issuance or renewal of commercial
6general liability policies or dwelling fire insurance policies subject to the tax on and after
7July 1, 2025.
8 Section 3. This Act shall become effective on July 1, 2025.
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 662 Original 2025 Regular Session Lyons
Abstract: Levies a $1,000 tax on each commercial general liability policy or dwelling fire
insurance policy issued in this state on single-family rental property of a for-profit
business that owns or acquires 40 or more single-family rental properties in any
calendar year.
Proposed law levies a tax of $1,000 on each commercial general liability policy or dwelling
fire insurance policy (DP3 policy) issued in this state on a single-family rental property of
a for-profit business that owns or acquires 40 or more such properties in a calendar year. The
tax levied in proposed law does not apply to the first 39 single-family rental properties
owned or acquired by the for-profit business.
Proposed law requires the commissioner of insurance to collect the tax and remit it to the
state treasurer for deposit into the state treasury. After satisfying the requirements of the
Bond Security and Redemption Fund as provided by present constitution, the treasurer is
required to deposit in and credit the avails of the tax into the La. Fortify Homes Program
Fund as established in present law.
Proposed law applies to the issuance or renewal of commercial general liability policies or
DP3 policies subject to the tax on or after July 1, 2025.
Effective on July 1, 2025.
(Adds R.S. 22:847)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.