LEGISLATIVE AUDITOR: Provides for the audit threshold for local auditees
This bill updates the financial audit requirements for local government entities in Louisiana by establishing specific revenue thresholds that determine when an annual audit is mandatory. Local auditees receiving between $200,000 and $500,000 in annual revenues must have their financial statements reviewed with an attestation report, while those receiving $500,000 or more must undergo a full annual audit. The legislation also introduces an automatic adjustment mechanism that will increase the $500,000 threshold each year starting in 2027 based on the Consumer Price Index to account for inflation. These changes directly affect local governments, school boards, and other public entities that fall within these revenue ranges and require them to comply with updated audit standards.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2026
Committee Review
May 2026
House Passage
Apr 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced Mar 30, 2026
Signed Jun 1, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
HB1045 Original
→
HB1045 Act 591
·
5 edits
MODERATE
This bill updates the financial audit thresholds for local government entities in Louisiana, raising the dollar amounts at which audits and reviews become mandatory. It also introduces a new exemption for small parishes with populations under 21,000 and establishes an automatic annual adjustment mechanism based on the Consumer Price Index starting in 2027.
Scope change
The bill expands the scope of automatic threshold adjustments by adding a specific provision for small parishes and modifies the population criteria for certain exemptions.
REQUIREMENT
Increased the audit threshold for local auditees receiving between $200,000 and $500,000 in revenue from $500,000 to $600,000.
Increased the audit threshold for local auditees receiving $500,000 or more in revenue from $500,000 to $600,000.
Clarified that the audit threshold applies to local auditees in parishes with populations exceeding 22,200 persons.
ELIGIBILITY
Added a new exemption for local auditees in parishes with populations between 21,000 and 22,200, provided they receive at least $600,000 in revenue.
TIMELINE
Established a new rule effective July 1, 2027, to automatically increase audit thresholds based on the annual percentage increase in the Consumer Price Index.
Floor votes · Senate May 18, 2026 · House Apr 21, 2026
How they voted
35–0
Passed · 5 other
Total votes 40
May 18, 2026
D
Democratic12
83% Yea
R
Republican28
89% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
May 18, 2026
Upper · Passed
Rules suspended. Read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
May 7, 2026
Committee
Read by title and referred to the Legislative Bureau.
upper
May 6, 2026
Upper · Passed
Reported favorably.
upper
Apr 21, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 95, nays 0. Finally passed, title adopted, ordered to the Senate.
lower
Apr 14, 2026
Lower · Passed
Reported with amendments (13-0).
lower
Mar 31, 2026
Committee
Read by title, under the rules, referred to the Committee on House and Governmental Affairs.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeremy LaCombe
RRepublican
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