SLS 25RS-352 ORIGINAL
2025 Regular Session
SENATE BILL NO. 82
BY SENATOR REESE
TAX/AD VALOREM. Provides with respect to ad valorem taxes on shares of bank stock.
(1/1/26)
1 AN ACT
2 To amend and reenact R.S. 47:1967(F), relative to ad valorem taxes; to provide relative to
3 the assessment of bank stock; to increase the percentage of assessed value of certain
4 property deducted for assessment purposes; to provide for applicability; to provide
5 for an effective date; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:1967(F) is hereby amended and reenacted to read as follows:
8 ยง1967. Listing and assessment of bank stock; procedure
9 * * *
10 F. From the assessment determined by the application of the fifteen percent
11 of fair market value provided for above, there shall be deducted fifty one hundred
12 percent of the assessed value of real estate, improvements, buildings, furniture and
13 fixtures owned by the bank. If such real estate, improvements, buildings, furniture
14 and fixtures are owned by a separate corporation, the deduction will be allowed
15 provided all the capital stock of which (except directors' qualifying shares, if any)
16 is owned by the bank, banking company, firm, association or corporation.
17 * * *
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. 82
SLS 25RS-352 ORIGINAL
1 Section 2. The provisions of this Act shall become effective on January 1, 2026, if
2 vetoed by the governor and subsequently approved by the legislature, this Act shall become
3 effective on the day following such approval by the legislature or January 1, 2026 whichever
4 is later.
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 82 Original 2025 Regular Session Reese
Present law authorizes an ad valorem tax on 15% of the fair market value of the shares of
stock of all banks and banking companies, firms, associations, and corporations doing a
banking business in this state (bank stock). Present law exempts stocks from ad valorem
property tax, with the exception of bank stocks.
Present law exempts from corporate income tax mutual savings banks, building and loan
associations, national banking corporations, and banking corporations organized under La.
law which pay a tax for their shareholders or whose shareholders pay a tax on their shares
of stock.
Proposed law retains present law.
Present law authorizes a deduction equal to 50% of the assessed value of real estate,
improvements, buildings, furniture and fixtures owned by the bank when calculating the ad
valorem tax on bank stock.
Proposed law increases the deduction from 50% to 100% of the assessed value of real estate,
improvements, buildings, furniture and fixtures owned by the bank when calculating the ad
valorem tax on bank stock.
Effective January 1, 2026.
(Amends R.S. 47:1967(F))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.