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LA HB300
Bill
Status
Passed
6/13/2025
Primary Sponsor
Shane Mack
Click for details
AI Summary
- Increases the income limit for qualifying for the special assessment level on homestead-exempt residential property from $100,000 to $150,000 in adjusted gross income
- Delays the start of annual Consumer Price Index adjustments to the income threshold from tax year 2026 to tax year 2028
- Requires taxing authorities to absorb any revenue decreases from the special assessment level rather than shifting the tax burden to other property owners
- Prohibits the special assessment level from triggering property reappraisals or millage adjustments under Article VII, Section 23(B)
- Proposed constitutional amendment to be submitted to voters on November 3, 2026, with an effective date of January 1, 2027
Legislative Description
(Constitutional Amendment) Increases the income threshold for purposes of qualifying for the special assessment level (EN DECREASE LF RV See Note)
TAX/AD VALOREM-EXEMPTION
Last Action
Effective date: See Act.
6/13/2025
Committee Referrals
Revenue & Fiscal Affairs6/1/2025
Civil Law and Procedure5/13/2025
Ways and Means4/2/2025
Full Bill Text
No bill text available