Loading chat...
LA HB448
Bill
Status
4/4/2025
Primary Sponsor
Mandie Landry
Click for details
AI Summary
-
Amends Louisiana Constitution Article VII, Section 21(B)(4)(a) to eliminate ad valorem property tax exemptions for nonprofit organizations on any property used for commercial purposes, regardless of whether those commercial activities relate to the organization's tax-exempt mission
-
Current law allows nonprofits to retain property tax exemptions on commercially-used property as long as the commercial use relates to their exempt purposes (religious, charitable, educational, health/welfare, fraternal, or burial)
-
Requires two-thirds approval from both legislative chambers to place the amendment on the ballot for voter approval
-
Amendment will appear on the November 3, 2026 statewide election ballot for Louisiana voters to approve or reject
-
Effective January 1, 2027, applying to all tax years beginning on or after that date
Legislative Description
(Constitutional Amendment) Prohibits ad valorem tax exemptions for property owned by nonprofit organizations used for commercial purposes (OR SEE FISC NOTE LF RV)
TAX/AD VALOREM-EXEMPTION
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025