TAX CREDITS: Establishes an income tax credit for annual homeowners' insurance premiums paid in excess of a certain amount (OR -$250,000,000 GF RV See Note)

HB 330 creates a Louisiana income tax credit for residents who pay homeowners' insurance premiums exceeding $3,000 annually on property where they claim the homestead exemption. The credit equals the lesser of the amount paid over $3,000 or a $5,000 maximum per year. Unused credit can be carried forward for up to five years to offset future tax bills. The credit applies to tax years beginning January 1, 2026, and expires after 2031. It directly affects Louisiana homeowners with homestead exemptions who meet the premium threshold.