Loading chat...
LA SB115
Bill
Status
Introduced
4/3/2025
Primary Sponsor
Royce Duplessis
Click for details
AI Summary
- Adds homeowners meeting federal poverty guidelines to the list of those eligible for a special assessment level that freezes property tax assessments at the first year of qualification
- Eligibility determined by federal poverty guidelines published annually by the U.S. Department of Health and Human Services in the Federal Register pursuant to 42 U.S.C. 9902
- Qualifying homeowners must continue to meet poverty guidelines annually and remain the owner of the home to maintain the frozen assessment
- Requires approval by two-thirds of the Legislature and voter approval at the November 3, 2026 statewide election
- Effective January 1, 2027, applying to taxable years beginning on or after that date
Legislative Description
Constitutional amendment to extend eligibility for the special assessment level for residential property receiving the homestead exemption to certain persons. (2/3 - CA13s1(A)) (1/1/27) (EG DECREASE LF RV See Note)
TAX/TAXATION
Last Action
Read by title and returned to the Calendar, subject to call.
5/13/2025
Committee Referrals
Revenue & Fiscal Affairs4/3/2025
Full Bill Text
No bill text available