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HLS 26RS-1265 ORIGINAL
2026 Regular Session
HOUSE BILL NO. 650
BY REPRESENTATIVE BRASS
TAX/TAX REBATES: Authorizes a rebate for inventory taxes paid
1 AN ACT
2 To enact R.S. 47:6006.2, relative to tax rebates; to authorize a rebate for local inventory
3 taxes paid; to provide for eligibility for the rebate; to specify the amount of the
4 rebate; to provide for administration, issuance, and approval of rebates; to provide
5 for recovery of rebates in certain circumstances; to specify the source of funding for
6 the rebate; to provide for applicability; to provide for an effective date; and to
7 provide for related matters.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 47:6006.2 is hereby enacted to read as follows:
10 §6006.2. Rebates for local inventory taxes paid
11 A. There shall be allowed a rebate for local inventory taxes paid by a
12 taxpayer if he is ineligible for the tax credit provided for in R.S. 47:6006 but has paid
13 ad valorem taxes to a political subdivision in Louisiana on inventory during the
14 preceding calendar year.
15 B. The amount of the rebate shall be calculated in the same manner and at the
16 same percentage as the tax credit provided for in R.S. 47:6006 based on the amount
17 of ad valorem taxes paid by the taxpayer to a political subdivision in Louisiana on
18 inventory for the preceding calendar year.
19 C. A taxpayer shall not be eligible for a rebate pursuant to this Section if he
20 received any state tax rebate, credit, exemption, exclusion, or deduction or any other
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HLS 26RS-1265 ORIGINAL
HB NO. 650
1 state tax benefit for local inventory taxes paid for which the taxpayer seeks a rebate
2 provided for in this Section.
3 D. The Department of Revenue, referred to hereafter in this Section as the
4 "department", shall process applications for the rebate authorized in this Section. A
5 taxpayer shall apply for a rebate using the form and in the manner prescribed by the
6 department no later than June thirtieth of the year following his payment of ad
7 valorem taxes to a political subdivision in Louisiana on inventory. A taxpayer who
8 seeks a rebate authorized in this Section shall submit to the secretary of the
9 department all documentation as the secretary may require by rule for claiming the
10 rebate. The secretary of the department shall promulgate, in accordance with the
11 Administrative Procedure Act, all rules necessary to implement the provisions of this
12 Section, including rules providing for the form and procedure for claiming a rebate.
13 E. Rebates previously paid to a taxpayer as authorized by this Section, but
14 later disallowed, may be recovered by the secretary of the department through any
15 collection remedy authorized in R.S. 47:1561.2.
16 F. Notwithstanding any provision of law to the contrary, the secretary of the
17 department shall make the rebates authorized in this Section from current collections
18 of state taxes.
19 Section 2. The rebate authorized in this Act shall not apply to payments of ad
20 valorem taxes made prior to January 1, 2026.
21 Section 3. This Act shall become effective on January 1, 2027.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, 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)]
HB 650 Original 2026 Regular Session Brass
Abstract: Authorizes a state rebate for local ad valorem taxes paid on inventory.
Proposed law establishes a rebate for local inventory taxes for taxpayers who fail to qualify
for the tax credit provided in present law for local inventory taxes paid, but who have
otherwise paid ad valorem property taxes to a political subdivision in La. on inventory in the
prior year. Further provides for the rebate to be calculated in the same manner and at the
same percentages as the tax credit provided in present law for local inventory taxes paid.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HLS 26RS-1265 ORIGINAL
HB NO. 650
Proposed law stipulates that a taxpayer shall not receive a rebate if he receives any other
state tax benefit for inventory taxes paid.
Proposed law requires the Dept. of Revenue (department) to administer proposed law,
including processing applications for the rebate, issuing the rebate, and promulgating all
rules to implement payment of the rebate. Further requires a taxpayer to submit an
application for the rebate to the department by June 30th of the year following his payment
of ad valorem property taxes to a political subdivision on inventory.
Proposed law authorizes the department to recover rebates previously paid to a taxpayer but
later disallowed through any collection remedy pursuant to present law.
Proposed law requires rebates to be paid from current collections of taxes imposed by
present law.
Proposed law shall not apply to payments of ad valorem taxes made prior to Jan. 1, 2026.
Effective Jan. 1, 2027.
(Adds R.S. 47:6006.2)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.