TAX/AD VALOREM: Provides relative to the allocation of ad valorem tax assessed values of certain property. (gov sig) (EN SEE FISC NOTE LF RV)

Changed the tax allocation ratio for non-resident railroad property from 100% to East Baton Rouge Parish to a graduated schedule where 33.3% goes to other parishes in 2026, 66.7% in 2027, and 100% in 2028 and 2029.

Added a requirement to allocate the assessed value of major movable property to parishes based on the ratio of active railroad track miles within each parish versus the total state miles.

Updated the implementation schedule for the new allocation methodology to begin January 1, 2026, with full state-wide allocation effective January 1, 2028.

The allocation percentages for railroad tax values were updated to create a four-year phase-out schedule, shifting from a 75% East Baton Rouge allocation to a 100% statewide allocation by 2029.

The legislative summary and digest sections, which explained the bill's purpose and compared it to existing law, were removed in the final enrolled version.

Page numbering was updated from 5 pages to 3 pages, and the document header was changed from 'Reengrossed' to 'Enrolled' to signify final approval.

Corrected spacing in the header and line number formatting throughout the document.

Simplified the tax allocation percentage for East Baton Rouge Parish from 'thirty-three and fifty percent' to 'fifty percent' for the 2027 taxable period.