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LA SB88
LA SB88Constitutional Amendment to authorize the local governing authority of a parish to provide an increase to the homestead exemption. (2/3-CA13s1(A))
summary
Introduced
02/20/2026
02/20/2026
In Committee
02/20/2026
02/20/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
A JOINT RESOLUTION Proposing to add Article VII, Section 21(P) of the Constitution of Louisiana, relative to ad valorem tax exemptions; to provide for an additional exemption for property eligible for the homestead exemption under certain circumstances; to require the parish governing authority to approve the ad valorem tax exemption; to require taxing authorities to absorb the loss of revenue as a result of the exemptions; to provide relative to reappraisals; 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 that would allow parish governing authorities, which are the local elected bodies responsible for a parish's administration, to offer an additional homestead exemption on property taxes. Currently, the homestead exemption, which reduces the taxable value of a primary residence, applies to the first $7,500 of assessed valuation. This amendment would permit a parish to grant an extra exemption of up to $22,500 on top of the existing one, but only if the parish governing authority approves it. Importantly, any loss in tax revenue resulting from this increased exemption would have to be absorbed by the taxing authority itself, meaning other taxpayers would not face higher taxes due to this change, and it would not trigger property reappraisals or millage adjustments. The proposed amendment will be put to a vote of the electors on November 3, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Prefiled and under the rules provisionally referred to the Committee on Revenue and Fiscal Affairs. (on 02/20/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=SB88&sbi=y |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1440933 |
| Analysis - Digest of SB88 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1440934 |
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