TAX/AD VALOREM TAX: Provides for the assessment of bank stocks for purposes of calculating ad valorem tax liability of certain banks (OR DECREASE LF RV See Note)

HB 222 modifies Louisiana's property tax calculation for banks by allowing them to deduct 51% of the assessed value of real estate, buildings, and fixtures owned by a subsidiary corporation (controlled by the bank) from their tax base. This change directly affects banks that own property through separate subsidiaries where the bank holds all capital stock (excluding directors' shares). The bill increases the deduction amount used to calculate banks' ad valorem tax liability, applying to tax years beginning in 2026. It does not alter the overall tax rate but adjusts how certain bank-owned property is valued for tax purposes.