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LA SB57
LA SB57Constitutional Amendment to remove the income limitation for persons age sixty-five or older that qualify for the special assessment level for residential property receiving the homestead exemption. (2/3-CA13s1(A)) (1/1/27) (EG DECREASE LF RV See Note)
summary
Introduced
04/02/2025
04/02/2025
In Committee
04/22/2025
04/22/2025
Crossed Over
Passed
Dead
06/12/2025
06/12/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
A JOINT RESOLUTION Proposing to amend Article VII, Section 18(G)(1)(a)(ii) of the Constitution of Louisiana, relative to the special assessment level for ad valorem taxes; to provide for eligibility for the special assessment level for residential property receiving the homestead exemption; to remove income limitations for persons sixty-five or older; and to specify an election for submission of the proposition to electors and provide a ballot proposition.
AI Summary
This bill proposes a constitutional amendment to remove income limitations for homeowners aged 65 and older when qualifying for a special property tax assessment level. Currently, homeowners are prohibited from receiving this special assessment if their adjusted gross income exceeds $100,000, with the limit set to be annually adjusted by the Consumer Price Index starting in 2026. The proposed amendment would completely eliminate this income restriction for individuals who are 65 years or older, effectively making all seniors eligible for the special assessment regardless of their income. The amendment is scheduled to be submitted to Louisiana voters during the statewide election on November 3, 2026, and if approved, would become effective on January 1, 2027, applying to all taxable years beginning on that date. The ballot will ask voters to approve or reject the amendment with a simple "YES" or "NO" vote, with the specific question reading: "Do you support an amendment to remove the income limitation for persons sixty-five or older that qualify for the special assessment level for residential property receiving the homestead exemption?"
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Reconsidered. Read by title; returned to the Calendar, subject to call. (on 05/27/2025)
Official Document
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