Bill
Bill > SB55
LA SB55
Provides relative to the assessment, payment, and allocation of ad valorem taxes. (1/1/26) (REF NO IMPACT LF RV See Note)
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
Dead
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, the heading of 2208 and (A), (D), and (E), 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 SLS 25RS-113 REENGROSSED SB NO. 55 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 modifications to Louisiana's tax lien and property tax laws, with key provisions taking effect on January 1, 2026. It introduces significant changes to how tax liens are created, auctioned, transferred, and enforced. The bill updates definitions, revises procedures for tax lien auctions, and establishes new rules for how tax liens can be purchased, sold, and extinguished. For example, it modifies the process for how tax collectors issue tax lien certificates, changes the way interest rates are determined at tax lien auctions, and provides new guidelines for how tax lien certificate holders can pursue enforcement of their liens. The legislation also clarifies restrictions on tax lien certificate holders, such as prohibiting them from charging rental payments or making improvements to properties subject to tax liens. Additionally, the bill restructures certain sections of Louisiana tax law, including renumbering several existing statutes and providing more precise language around tax collection, redemption, and property sales. The changes aim to create a more standardized and transparent process for handling delinquent property taxes and tax liens in Louisiana, with protections for property owners and clearer guidelines for tax collectors and potential tax lien purchasers.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Received from the House with amendments. (on 06/04/2025)
Official Document
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