Louisiana SB485 grants the city of St. George exclusive authority to levy an insurance premium tax, effective January 1, 2027.

Louisiana SB485 amends existing law to grant the city of St. George exclusive authority to levy an insurance premium tax on risks located within its corporate limits. The city of Baton Rouge and East Baton Rouge Parish, including any consolidated government, are prohibited from collecting such taxes within St. George. The bill also defines terms such as "insurance premium tax" and "parish tax." The provisions become effective on January 1, 2027, and apply only to premiums attributable to periods beginning on or after that date.

Louisiana SB485 grants the city of St. George exclusive authority to levy an insurance premium tax, effective January 1, 2027.

Louisiana SB485 amends existing law to grant the city of St. George exclusive authority to levy an insurance premium tax on risks located within its corporate limits. The city of Baton Rouge and East Baton Rouge Parish, including any consolidated government, are prohibited from collecting such taxes within St. George. The bill also defines terms such as "insurance premium tax" and "parish tax." The provisions become effective on January 1, 2027, and apply only to premiums attributable to periods beginning on or after that date.