---
type: "Bill"
title: "TAX/AD VALOREM: Extends the carryforward period for the inventory tax credit for certain businesses. (1/1/21) (Items #26 and #65) (EN DECREASE GF RV See Note)"
description: "TAX/AD VALOREM: Extends the carryforward period for the inventory tax credit for certain businesses. (1/1/21) (Items #26 and #65) (EN DECREASE GF RV See Note)"
jurisdiction: "us/states/la"
legislature: "Louisiana Legislature"
session: "2020s2"
identifier: "SB 1"
citation: "Louisiana SB 1 (2020s2)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Rick Ward, III"]
version_count: 8
action_count: 18
vote_count: 3
first_action: "2020-09-24"
last_action: "2020-11-05"
source: "openstates"
source_identifier: "ocd-bill/84eebe8a-0168-4a69-b1e8-8ad58bff2033"
source_url: "http://www.legis.la.gov/Legis/BillInfo.aspx?i=239414"
source_hash: "8056ff58360af9aa77316e6b01334a4215af4ee79a0985e479f7ddfe78ff690d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-la"]
---

# Louisiana SB 1 (2020s2) — TAX/AD VALOREM: Extends the carryforward period for the inventory tax credit for certain businesses. (1/1/21) (Items #26 and #65) (EN DECREASE GF RV See Note)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **SB1 Original** (filed) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1188710)
2. **House Committee Amendment, #445, W&M, Draft** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191764)
3. **House Committee Amendment, #481, W&M, Adopted** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192111)
4. **SB1 Act 50** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1195058)
5. **SB1 Engrossed** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190737)
6. **Senate Committee Amendment, #230, R&F, Draft** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190630)
7. **Senate Committee Amendment, #241, R&F, Adopted** (committee substitute) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190684)
8. **SB1 Enrolled** (enrolled) — [source](http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192806)

## Votes

- FINAL PASSAGE (#37) — **35–0** (pass) · upper
- CONCUR (#118) — **31–0** (pass) · upper
- FINAL PASSAGE (#133) — **96–0** (pass) · lower

## Sponsors

- Rick Ward, III — primary (person)
- Francis C. Thompson — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-11-05** Effective date 1/1/2021.
- **2020-11-05** Signed by the Governor. Becomes Act No. 50. `executive-signature`
- **2020-10-21** Sent to the Governor by the Secretary of the Senate on 10/16/2020. `executive-receipt`
- **2020-10-19** Signed by the Speaker of the House.
- **2020-10-19** Enrolled. Signed by the President of the Senate on 10/16/2020.
- **2020-10-15** Amendments proposed by the House read and concurred in by a vote of 31 yeas and 0 nays.
- **2020-10-14** Received from the House with amendments.
- **2020-10-14** Read third time by title, roll called on final passage, yeas 96, nays 0. Finally passed, ordered to the Senate. `passage`
- **2020-10-13** Scheduled for floor debate on 10/14/20.
- **2020-10-13** Read by title, amended, passed to 3rd reading.
- **2020-10-13** Rules suspended.
- **2020-10-13** Reported without Legislative Bureau amendments.
- **2020-10-13** Reported with amendments (13-0). Referred to the Legislative Bureau.
- **2020-10-06** Read by title, rules suspended, referred to the Committee on Ways and Means. `referral-committee`
- **2020-10-06** Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled. `passage`
- **2020-10-05** Reported with amendments. Rules suspended. Read by title; Committee amendments read and adopted. Ordered engrossed and passed to third reading and final passage.
- **2020-09-28** Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs. `referral-committee`
- **2020-09-24** Prefiled and under the rules provisionally referred to the Committee on Revenue and Fiscal Affairs. `filing, referral-committee`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/84eebe8a-0168-4a69-b1e8-8ad58bff2033`. Confidence: reported (aggregated from official Louisiana legislature records).