---
type: "Bill"
title: "TAX/TAXATION: Provides relative to the New Markets tax credit. (gov sig) (EN -$22,500,000 GF RV See Note)"
description: "TAX/TAXATION: Provides relative to the New Markets tax credit. (gov sig) (EN -$22,500,000 GF RV See Note)"
jurisdiction: "us/states/la"
legislature: "Louisiana Legislature"
session: "2025"
identifier: "SB 186"
citation: "Louisiana SB 186 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Mike Reese"]
version_count: 8
action_count: 20
vote_count: 2
first_action: "2025-04-04"
last_action: "2025-06-20"
source: "openstates"
source_identifier: "ocd-bill/5ab9ed04-8782-4836-b5b5-2b620d86ec0f"
source_url: "https://www.legis.la.gov/Legis/BillInfo.aspx?i=248668"
source_hash: "db8434538eab38ca4b3c3c4dc8adc18e24f26f1d60935abeab5aafaa01dce2ad"
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 186 (2025) — TAX/TAXATION: Provides relative to the New Markets tax credit. (gov sig) (EN -$22,500,000 GF RV See Note)

## Version chain

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

1. **SB186 Original** (filed) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404513)
2. **SB186 Act 441** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1426047)
3. **SB186 Engrossed** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1408964)
4. **SB186 Reengrossed** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414403)
5. **Senate Committee Amendment, #874, R&F, Draft** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1408468)
6. **Senate Committee Amendment, #937, R&F, Adopted** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1408732)
7. **Senate Floor Amendment, #1499, Reese, Adopted** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1413257)
8. **SB186 Enrolled** (enrolled) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1423304)

## Votes

- FINAL PASSAGE (#969) — **92–3** (pass) · lower
- FINAL PASSAGE (#237) — **37–0** (pass) · upper

## Sponsors

- Mike Reese — primary (person)
- Steven Jackson — cosponsor (person)

## Timeline

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

- **2025-06-20** Effective date 6/20/2025.
- **2025-06-20** Signed by the Governor. Becomes Act No. 441. `became-law, executive-signature`
- **2025-06-11** Sent to the Governor by the Secretary of the Senate. `executive-receipt`
- **2025-06-10** Signed by the Speaker of the House.
- **2025-06-10** Enrolled. Signed by the President of the Senate. `enrolled`
- **2025-06-09** Received from the House without amendments. `receipt`
- **2025-06-09** Read third time by title, roll called on final passage, yeas 92, nays 3. Finally passed, ordered to the Senate. `passage`
- **2025-06-04** Scheduled for floor debate on 06/09/2025.
- **2025-06-04** Read by title, passed to 3rd reading. `reading-3`
- **2025-06-03** Reported without Legislative Bureau amendments.
- **2025-06-02** Reported favorably (16-0). Referred to the Legislative Bureau. `committee-passage-favorable`
- **2025-05-15** Read by title, under the rules, referred to the Committee on Ways and Means. `referral-committee`
- **2025-05-14** Received in the House from the Senate, read by title, lies over under the rules.
- **2025-05-13** Senate floor amendments read and adopted. Read by title and passed by a vote of 37 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled. `passage`
- **2025-05-08** Read by title and passed to third reading and final passage. `reading-3`
- **2025-05-08** Rules suspended. Recalled from Committee.
- **2025-04-29** Read by title. Committee amendments read and adopted; ordered engrossed and recommitted to the Committee on Finance.
- **2025-04-28** Reported with amendments. `committee-passage-favorable`
- **2025-04-14** Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs. `referral-committee`
- **2025-04-04** 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/5ab9ed04-8782-4836-b5b5-2b620d86ec0f`. Confidence: reported (aggregated from official Louisiana legislature records).