Louisiana · 2025 Regular Session · Bill

HB 366: TAX/AD VALOREM TAX: (Constitutional Amendment) Authorizes parishes to exempt business inventory from ad valorem taxes and authorizes parishes to reduce the percentage of fair market value applicable to business inventory (EN SEE FISC NOTE GF EX See Note)

Enacted Last action June 13, 2025: Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.

Plain-language summary

HB 366 is a bill introduced in the Louisiana House on April 3, 2025. According to its official title, it concerns: TAX/AD VALOREM TAX: (Constitutional Amendment) Authorizes parishes to exempt business inventory from ad valorem taxes and authorizes parishes to reduce the percentage of fair market value applicable to business inventory (EN SEE FISC NOTE GF EX See Note). Primary sponsor: Daryl Deshotel (Republican). Most recent recorded action (June 13, 2025): Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.

Sponsors

Primary sponsor: Daryl Deshotel (Republican).