Louisiana · 2025 Regular Session · Bill

HB 365: TAX/AD VALOREM TAX: Provides for an optional exemption of business inventory from ad valorem taxes and to authorize the reduction of the fair market value percentage of business inventory under certain circumstances (EN SEE FISC NOTE GF EX See Note)

Enacted Last action June 20, 2025: Signed by the Governor. Becomes Act No. 357.

Plain-language summary

HB 365 is a bill introduced in the Louisiana House on April 3, 2025. According to its official title, it concerns: TAX/AD VALOREM TAX: Provides for an optional exemption of business inventory from ad valorem taxes and to authorize the reduction of the fair market value percentage of business inventory under certain circumstances (EN SEE FISC NOTE GF EX See Note). Primary sponsor: Daryl Deshotel (Republican). It lists 1 additional sponsor. Most recent recorded action (June 20, 2025): Signed by the Governor. Becomes Act No. 357.

Sponsors

Primary sponsor: Daryl Deshotel (Republican). 1 co-sponsor.