HB370 • 2026

AGRICULTURE/GRAIN: Provides for the assessment rate on agricultural commodities for the Grain and Cotton Indemnity Fund (EN +$626,130 SD RV See Note)

Agriculture Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Rhonda Butler
Last action: 2026-05-15
Official status: Signed by the Governor - Act 156
Effective date: Not listed

Plain English Breakdown

The official source does not provide specific details on which agricultural commodities are regulated under this Chapter.

Grain and Cotton Indemnity Fund Assessment Rate Increase

This bill increases the assessment rate on agricultural commodities for the Grain and Cotton Indemnity Fund.

What This Bill Does

Increases the assessment rate from one twenty-fifth of one percent to two twenty-fifths of one percent on the value of regulated agricultural commodities sold to grain dealers and cotton merchants.
Requires that this increased assessment be paid by licensees at the first point of sale.

Who It Names or Affects

Agricultural commodity producers who sell to grain dealers and cotton merchants in Louisiana.
The commission responsible for managing the Grain and Cotton Indemnity Fund.

Terms To Know

assessment rate: The percentage of value that must be paid as a fee or charge, typically to fund an insurance program or similar financial protection scheme.
regulated agricultural commodities: Agricultural products that are subject to specific rules and oversight by the state for purposes such as quality control, safety standards, or financial protections like the Grain and Cotton Indemnity Fund.

Limits and Unknowns

The bill does not specify which agricultural commodities are regulated under this Chapter.
It is unclear how much additional revenue will be generated by the increased assessment rate.

Bill History

2026-05-15 H
Effective date: 05/15/2026.
2026-05-15 H
Signed by the Governor. Becomes Act No. 156.
2026-05-13 H
Sent to the Governor for executive approval.
2026-05-13 S
Signed by the President of the Senate.
2026-05-12 H
Enrolled and signed by the Speaker of the House.
2026-05-11 H
Received from the Senate without amendments.
2026-05-11 S
Read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
2026-04-29 S
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
2026-04-28 S
Read by title and referred to the Legislative Bureau.
2026-04-27 S
Reported favorably.
2026-04-15 S
Read by title. Recommitted to the Committee on Revenue and Fiscal Affairs.
2026-04-14 S
Reported favorably.
2026-04-07 S
Read second time by title and referred to the Committee on Agriculture, Forestry, Aquaculture, and Rural Development.
2026-04-01 S
Received in the Senate. Rules suspended. Read first time by title and placed on the Calendar for a second reading.
2026-04-01 H
Read third time by title, roll called on final passage, yeas 99, nays 0. Finally passed, title adopted, ordered to the Senate.
2026-03-31 H
Scheduled for floor debate on 04/01/2026.
2026-03-30 H
Read by title, ordered engrossed, passed to 3rd reading.
2026-03-26 H
Reported favorably (14-0).
2026-03-09 H
Read by title, under the rules, referred to the Committee on Agriculture, Forestry, Aquaculture, and Rural Development.
2026-02-27 H
First appeared in the Interim Calendar on 2/27/2026.
2026-02-24 H
Under the rules, provisionally referred to the Committee on Agriculture, Forestry, Aquaculture, and Rural Development.
2026-02-24 H
Prefiled.

Official Summary Text

AGRICULTURE/GRAIN: Provides for the assessment rate on agricultural commodities for the Grain and Cotton Indemnity Fund (EN +$626,130 SD RV See Note)

Current Bill Text

Read the full stored bill text

ENROLLED
ACT No. 1562026 Regular Session
HOUSE BILL NO. 370
BY REPRESENTATIVE BUTLER
1 AN ACT
2 To amend and reenact R.S. 3:3412.1(B), relative to the Grain and Cotton Indemnity Fund;
3 to increase the assessment rate on the value of all regulated agricultural commodities
4 charged by the commission; to provide for an effective date; and to provide for
5 related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 3:3412.1(B) is hereby amended and reenacted to read as follows:
8 §3412.1. Grain and Cotton Indemnity Fund; creation; assessment; rules and
9 regulations; suspension of assessment; eligibility for reimbursement;
10 availability of money; prorated claims; reimbursement for administrative
11 expenses; failure to pay; subrogation
12 * * *
13 B. The commission shall charge an assessment at the rate of one twenty-fifth
14 two twenty-fifths of one percent on the value of all agricultural commodities
15 regulated under this Chapter which are sold to grain dealers and cotton merchants.
16 The assessments shall be due and payable to the commission by the licensee at the
17 first point of sale.
18 * * *
19 Section 2. This Act shall become effective upon signature by the governor or, if not
20 signed by the governor, upon expiration of the time for bills to become law without signature
21 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HB NO. 370 ENROLLED
1 vetoed by the governor and subsequently approved by the legislature, this Act shall become
2 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.