Bill
Bill > HB16
LA HB16
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) (OR SEE FISC NOTE LF RV See Note)
summary
Introduced
11/06/2024
11/06/2024
In Committee
11/06/2024
11/06/2024
Crossed Over
Passed
Dead
11/22/2024
11/22/2024
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, 1707.1, 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 1719, 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 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 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 amends and reenacts various provisions of Louisiana's property tax laws related to the homestead exemption, special assessment level, and other property tax exemptions. It defines key terms like "manufacturer" and "retailer", expands certain property tax exemptions, establishes an optional exemption for business inventory, and adjusts the process for increasing ad valorem tax millages. The bill also directs the Louisiana State Law Institute to renumber and correct statutory references within the relevant sections of law. The bill's provisions are contingent on the adoption of a proposed constitutional amendment regarding property taxation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read by title, rules suspended, referred to the Committee on Ways and Means. (on 11/06/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=243ES&b=HB16&sbi=y |
| Fiscal Note - HB16 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390533 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390170 |
| Analysis - Digest of HB16 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390174 |
Loading...