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LA SB57
Bill
Status
4/2/2025
Primary Sponsor
Michael Fesi
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AI Summary
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Removes the $100,000 adjusted gross income limitation for homeowners age 65 or older seeking the special assessment level, which freezes property assessments for residential property receiving the homestead exemption
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Currently, all applicants for the special assessment level are prohibited from receiving it if their adjusted gross income exceeds $100,000 (adjusted annually by CPI); this amendment exempts seniors from that income test
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The special assessment level freezes property tax assessments at the value from the first year the owner qualifies, preventing increases as long as they remain eligible
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Requires approval by Louisiana voters at the November 3, 2026 statewide election as a constitutional amendment
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Effective January 1, 2027, applying to all taxable years beginning on or after that date
Legislative Description
Constitutional Amendment to remove the income limitation for persons age sixty-five or older that qualify for the special assessment level for residential property receiving the homestead exemption. (2/3-CA13s1(A)) (1/1/27) (EG DECREASE LF RV See Note)
TAX EXEMPTIONS
Last Action
Reconsidered. Read by title; returned to the Calendar, subject to call.
5/27/2025