TAX/INCOME TAX: Establishes an individual income tax deduction for certain property insurance policy premiums (OR -$69,900,000 GF RV See Note)

HB 236 creates a new deduction for Louisiana individual income tax filers who pay homeowners' insurance premiums on their primary residence. It directly affects Louisiana residents who claim a homestead exemption on their primary home, allowing them to deduct the full amount of their actual homeowners' insurance premiums from taxable income. The deduction requires taxpayers to maintain records of their insurance payments and provide documentation to the Department of Revenue upon request. This provision applies only to premiums paid on or after January 1, 2026, and does not change existing homestead exemption eligibility. The bill does not alter tax rates or create new tax liabilities, but reduces taxable income for qualifying homeowners.