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Bill > HB11

LA HB11

LA HB11
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)

summary

Introduced
11/04/2024
In Committee
11/19/2024
Crossed Over
11/13/2024
Passed
11/22/2024
Dead
Signed/Enacted/Adopted
12/04/2024

Introduced Session

2024 Third Extraordinary Session

Bill Summary

AN ACT To amend and reenact R.S. 47:1703, 1703.1(A), 1705(B)(1)(a) and (b)(i), (2)(a), (b), (c)(i)(introductory paragraph) and (ii), (d), and (D), 1707 through 1708, 1710, 1712, 1713(B), 1714(introductory paragraph), (1), and (6), 1715(introductory paragraph), (1), and (6), and 1716 and to enact R.S. 47:1702(12) through (15) and 1717 through 1720, relative to ad valorem taxation; to provide for definitions; to provide for classification of property; to provide for valuation of property; to provide for reappraisal of property; to provide for a special assessment level; to provide for ad valorem taxation; to provide for the administration of ad valorem taxation; to provide for ad valorem tax exemptions; to provide for requirements and limitations; to provide for the adjustment of millages; to provide for the reduction of the fair market value percentage of certain property under certain circumstances; to provide for requirements and limitations; to provide for ad valorem tax assessors; to authorize and direct the Louisiana State Law Institute to re-designate certain provisions; to provide for effectiveness; and to provide for related matters.

AI Summary

This bill proposes several changes to the ad valorem (property) tax system in Louisiana. It defines key terms like "business inventory" and "manufacturer", provides various property tax exemptions, establishes a special assessment level for certain property owners, adjusts millage rates, and allows parishes to reduce the percentage of fair market value applicable to business inventory. The bill also directs the Louisiana State Law Institute to renumber and correct statutory references within the relevant property tax laws. The changes in this bill are contingent on the adoption of a proposed constitutional amendment contained in a separate bill.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Effective date: See Act. (on 12/04/2024)

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bill summary

Document Type Source Location
State Bill Page https://www.legis.la.gov/legis/BillInfo.aspx?s=243ES&b=HB11&sbi=y
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391657
Fiscal Note - HB11 Enrolled https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391517
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391416
Analysis - Summary of Senate Amendments to HB11 https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391306
Fiscal Note - HB11 ReEngrossed With Senate Floor Amendments https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391400
Senate Floor Amendment #182 Reese Adopted https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391166
Senate Floor Bureau Note #171 Reese Adopted https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391151
Analysis - Senate Green Sheet Digest for HB11 https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391076
Fiscal Note - HB11 ReEngrossed With Senate Cmte Amendments https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391055
Senate Committee Amendment #137 R&F Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391016
Senate Committee Amendment #94 R&F Draft https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390910
Fiscal Note - HB11 ReEngrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390930
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390594
Analysis - Digest of HB11 Reengrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390612
House Floor Legislative Bureau Amendment #50 Horton Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390529
House Floor Amendment #76 Deshotel Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390512
Fiscal Note - HB11 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390504
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390439
House Committee Amendment #55 W&M Draft https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390414
House Committee Amendment #63 W&M Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390454
Analysis - Digest of HB11 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390457
Fiscal Note - HB11 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390240
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390074
Analysis - Digest of HB11 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390081
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