Bill > HB448

This bill proposes a constitutional amendment to modify Louisiana's property tax exemption rules for nonprofit organizations. Currently, nonprofits can receive ad valorem (property) tax exemptions, but the proposed amendment would eliminate these exemptions for any property used for commercial purposes, regardless of whether those commercial activities are related to the nonprofit's core mission. The change would become effective on January 1, 2027, and would apply to all tax years beginning on or after that date. The proposed amendment will be presented to Louisiana voters in a statewide election on November 3, 2026, where voters will be asked to decide whether to support prohibiting property tax exemptions for nonprofits using property for commercial purposes. If approved, this would mean that nonprofit organizations would have to pay property taxes on any real estate they own that generates commercial income, potentially reducing their financial advantages and increasing local government tax revenues.

Budget and Finance

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB448&sbi=y