Bill
Bill > SB55
LA SB55
LA SB55Provides relative to the assessment, payment, and allocation of ad valorem taxes. (1/1/26) (EN SEE FISC NOTE LF RV)
summary
Introduced
04/01/2025
04/01/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
05/05/2025
05/05/2025
Passed
06/20/2025
06/20/2025
Dead
Signed/Enacted/Adopted
06/20/2025
06/20/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 47:2122, 2127, 2151, 2153(A), the introductory paragraph of (B)(1), (C)(1)(a) and (4), and (D), 2154(A) and (C) through (F), 2155, 2156, 2158, 2158.1, 2160, 2162, 2163, 2201 through 2204, 2206 through 2209, 2211, the heading of Part V of Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, 2242, 2243(A) and (B), 2244, the heading and introductory paragraph of 2245, the heading of Subpart B of Part V of Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, 2246, 2247, the heading of Part VI of Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, as amended and reenacted by Section 1 of Act 774 of the 2024 Regular Session of the Legislature of Louisiana, R.S. 47:2127.1, 2140, 2151.1, 2160.1, 2164, 2207.1, 2241.1, 2266.1(A), (D), and (E), 2267, and 2268 as enacted by Section 1 of Act 774 of the 2024 Regular Session of the Legislature of Louisiana, and the heading of Part III of Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, R.S. 47:2145(E), the heading of Part IV of Chapter 5 of Subtitle III of Title 47 of the Louisiana Revised Statutes of 1950, 2205, and the heading of 2207 and (A), the introductory paragraph of (B), the introductory paragraph of (C), and (E), to enact R.S. 47:2127(E) and 2208(F) of Section 1 of Act 774 of the 2024 Regular Session of the Legislature of Louisiana, and to repeal R.S. 47:2153.1 as enacted by Section 1 of Act 774 of the 2024 Regular Session of the Legislature of Louisiana, relative to the assessment, payment, and allocation of ad valorem taxes; to provide for definitions; to provide for interest, penalties, liens, and privileges; to provide relative to tax lien auctions; to provide for tax lien certificates and processes related thereto; to provide relative to tax liens held by a political subdivision; to provide for effectiveness; and to provide for related matters.
AI Summary
This bill provides comprehensive revisions to Louisiana's laws governing ad valorem (property) tax assessment, payment, and collection processes, primarily focusing on tax lien auctions and the procedures for handling delinquent property taxes. The bill introduces significant changes to how tax liens are managed, including updated definitions, modified auction procedures, and enhanced protections for property owners. Key provisions include establishing clearer rules for tax lien certificate issuance, specifying how interest and penalties will be calculated, detailing the rights of tax lien certificate holders, and outlining new procedures for extinguishing tax liens. The bill sets January 1, 2026, as the effective date for these changes, which aim to streamline and clarify the existing tax collection system while providing more transparent processes for property owners, tax collectors, and potential tax lien purchasers. Notably, the legislation revises terminology from "termination" to "extinguishment" of tax liens and introduces more detailed requirements for notices, sales, and redemption of properties with delinquent taxes.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Effective date 1/1/2026. (on 06/20/2025)
Official Document
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