What is the status of SB318?

Chaptered as of May 17, 2026. Latest action: Effective date 5/17/2026. (May 17, 2026).

Where is the official record for SB318?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=SB318

Louisiana legislation · 2026 Regular Session

Louisiana SB318: TAX EXEMPTIONS: Provides relative to tax exemption budget and return on investment reports published by the Department of Revenue. (gov sig) (EN INCREASE LF EX See Note)

Q: What is SB318?

SB318 is a bill in the Louisiana Legislature (2026 Regular Session): TAX EXEMPTIONS: Provides relative to tax exemption budget and return on investment reports published by the Department of Revenue. (gov sig) (EN INCREASE LF EX See Note).

Q: What does SB318 do?

In its own words: An act To amend and reenact the introductory paragraph of R.S. 47:1517(B)(1), (B)(1)(a), and the introductory paragraph of (2) and to repeal R.S. 47:1517(B)(1)(c), (3), and (4), and (C), and 1517.1(B)(4), relative to the tax exemption budget; to provide for the publication of the tax exemption budget; to provide for the contents of the tax exemption budget; to provide relative to the categorization of tax exemptions; to repeal assessment requirements; to repeal certain reporting requirements on tax incentives; to provide for an effective date; and to provide for related matters.

Status: Chaptered, May 17, 2026

What the bill says

An act To amend and reenact the introductory paragraph of R.S. 47:1517(B)(1), (B)(1)(a), and the introductory paragraph of (2) and to repeal R.S. 47:1517(B)(1)(c), (3), and (4), and (C), and 1517.1(B)(4), relative to the tax exemption budget; to provide for the publication of the tax exemption budget; to provide for the contents of the tax exemption budget; to provide relative to the categorization of tax exemptions; to repeal assessment requirements; to repeal certain reporting requirements on tax incentives; to provide for an effective date; and to provide for related matters.

From the introduced text:

AN ACT To amend and reenact the introductory paragraph of R.S. 47:1517(B)(1), (B)(1)(a), and the introductory paragraph of (2) and to repeal R.S. 47:1517(B)(1)(c), (3), and (4), and (C), and 1517.1(B)(4), relative to the tax exemption budget; to provide for the publication of the tax exemption budget; to provide for the contents of the tax exemption budget; to provide relative to the categorization of tax exemptions; to repeal assessment requirements; to repeal certain reporting requirements on tax incentives; to provide for an effective date; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. The introductory paragraph of R.S. 47:1517(B)(1), (B)(1)(a), and the introductory paragraph of (2) are hereby amended and reenacted to read as follows: §1517. Tax exemption budget * * * B.(1) The annual tax exemption budget shall be published on the LaTrac department's website, or any subsequent database that may replace the LaTrac system, and shall include the following: (a) Each tax exemption, and its statutory citation, and its purpose. Page 1 of Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SLS 26RS-465 ORIGINAL SB NO. * * * (2) The tax exemptions Each tax exemption in the annual tax exemption budget shall also be organized in an additional opening …

Read the full official text

Louisiana SB318: TAX EXEMPTIONS: Provides relative to tax exemption budget and return on investment reports published by the Department of Revenue. (gov sig) (EN INCREASE LF EX See Note)

What the bill says

Sponsors

Latest actions

Votes

Common questions