---
type: "Bill"
title: "TAX/FRANCHISE/CORPORATE: Exempts certain real estate investment trusts from the corporate franchise tax. (gov sig) (EN DECREASE GF RV See Note)"
description: "TAX/FRANCHISE/CORPORATE: Exempts certain real estate investment trusts from the corporate franchise tax. (gov sig) (EN DECREASE GF RV See Note)"
jurisdiction: "us/states/la"
legislature: "Louisiana Legislature"
session: "2023"
identifier: "SB 9"
citation: "Louisiana SB 9 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Franklin J. Foil"]
version_count: 4
action_count: 18
vote_count: 2
first_action: "2023-02-08"
last_action: "2023-06-27"
source: "openstates"
source_identifier: "ocd-bill/3818d78b-b243-4d90-89f5-71f6749f811e"
source_url: "https://www.legis.la.gov/Legis/BillInfo.aspx?i=243838"
source_hash: "5769560c91982b4eb4a6bb121d0b7fb348d89bf0187c4f7074928b09c4fc2f30"
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 9 (2023) — TAX/FRANCHISE/CORPORATE: Exempts certain real estate investment trusts from the corporate franchise tax. (gov sig) (EN DECREASE GF RV See Note)

## Version chain

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

1. **SB9 Original** (filed) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1299592)
2. **SB9 Act** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1333210)
3. **SB9 Engrossed** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1317604)
4. **SB9 Enrolled** (enrolled) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1329902)

## Votes

- FINAL PASSAGE (#927) — **98–0** (pass) · lower
- FINAL PASSAGE (#216) — **33–2** (pass) · upper

## Sponsors

- Franklin J. Foil — primary (person)

## Timeline

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

- **2023-06-27** Effective date 6/27/2023.
- **2023-06-27** Signed by the Governor. Becomes Act No. 432. `became-law, executive-signature`
- **2023-06-07** Sent to the Governor by the Secretary of the Senate. `executive-receipt`
- **2023-06-07** Signed by the Speaker of the House.
- **2023-06-06** Enrolled. Signed by the President of the Senate. `enrolled`
- **2023-06-05** Received from the House without amendments. `receipt`
- **2023-06-05** Read third time by title, roll called on final passage, yeas 98, nays 0. Finally passed, ordered to the Senate. `passage`
- **2023-06-01** Scheduled for floor debate on 06/05/2023.
- **2023-05-25** Read by title, passed to 3rd reading. `reading-3`
- **2023-05-24** Reported without Legislative Bureau amendments.
- **2023-05-23** Reported favorably (10-0). Referred to the Legislative Bureau. `committee-passage-favorable`
- **2023-05-09** Read by title, under the rules, referred to the Committee on Ways and Means. `referral-committee`
- **2023-05-08** Received in the House from the Senate, read by title, lies over under the rules.
- **2023-05-08** Read by title, passed by a vote of 33 yeas and 2 nays, and sent to the House. Motion to reconsider tabled. `passage`
- **2023-05-02** Read by title. Ordered engrossed and passed to third reading and final passage.
- **2023-05-01** Reported favorably. `committee-passage-favorable`
- **2023-04-10** Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs. `referral-committee`
- **2023-02-08** 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/3818d78b-b243-4d90-89f5-71f6749f811e`. Confidence: reported (aggregated from official Louisiana legislature records).