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Louisiana study group reviews complex premium tax system, aims for reform
Summary
A legislative study group met to review Louisiana's premium tax structure, hearing a high-level accounting of tax collections and credits and agreeing to pursue further analysis and rulemaking aimed at greater transparency and possible legislative changes for 2027.
The Louisiana Premium Tax Study Group met to review the state's insurance premium tax framework and agreed to pursue further analysis and possible reforms ahead of the 2027 legislative session. Representative Chance Henry, who was nominated to chair the group, led a session that included presentations from the Department of Insurance and the Department of Revenue.
The discussion centered on how premium taxes have grown and how credits and dedications complicate the effective rate paid by insurers and, ultimately, policyholders. Lance Heron, deputy undersecretary at the Louisiana Department of Insurance, told members, "The Department of Insurance is the third largest revenue collector for the state, bringing in 1,600,000,000.0 with 1,400,000,000.0 of that being premium taxes." He…
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