SLS 25RS-383 ORIGINAL
2025 Regular Session
SENATE BILL NO. 169
BY SENATOR ALLAIN
TAX/TAXATION. Provides relative to the tax credits for local inventory taxes paid. (gov
sig)
1 AN ACT
2 To enact 47:6006(A)(4), relative to the tax credit for local inventory taxes paid; to provide
3 for the ability of farmers, fruitgrowers, or like associations to claim the credit; to
4 provide for the refundability and carry forward of the credit for farmers,
5 fruitgrowers, or like associations; to provide for applicability; to provide for an
6 effective date; and to provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 47:6006(A)(4) is hereby enacted to read as follows:
9 ยง6006. Tax credits for local inventory taxes paid
10 A.(1) * * *
11 (4) Notwithstanding the provisions of Paragraph (3) of this Subsection,
12 the credit shall be allowed for farmers, fruitgrowers, or like associations
13 organized and operated on a cooperative basis for the purpose of marketing the
14 products of members or other producers. Additionally, the amount of the
15 credits that exceed the tax liability of such farmers, fruitgrowers, or like
16 associations for the tax year shall be eligible for refund or carry forward as
17 provided in this Section.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 169
SLS 25RS-383 ORIGINAL
1 * * *
2 Section 2. The provisions of this Act shall be applicable to taxable periods beginning
3 on or after January 1, 2025.
4 Section 3. This Act shall become effective upon signature by the governor or, if not
5 signed by the governor, upon expiration of the time for bills to become law without signature
6 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
7 vetoed by the governor and subsequently approved by the legislature, this Act shall become
8 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Senate Legislative Services.
The keyword, summary, 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)]
DIGEST
SB 169 Original 2025 Regular Session Allain
Present law provides a credit against La. income taxes for taxpayers who are not
C-corporations for ad valorem taxes paid to political subdivisions on inventory held by
manufacturers, distributors, and retailers and on natural gas held, used, or consumed in
providing natural gas storage services or operating natural gas storage facilities.
Proposed law authorizes the tax credit for farmers, fruitgrowers, or like associations
organized and operated on a cooperative basis for the purpose of marketing the products of
members or other producers regardless of how they file for federal income tax purposes and
otherwise retains present law.
Present law provides that the credit is refundable in certain circumstances, but is not
refundable for C-corporations for taxable periods beginning on or after January 1, 2025.
Proposed law authorizes the refundability of the credits for farmers, fruitgrowers, or like
associations and otherwise retains present law.
Applicable to taxable periods beginning on or after January 1, 2025.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 47:6006(A)(4))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.