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LA HB440
Bill
Status
2/25/2026
Primary Sponsor
Candace Newell
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AI Summary
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Parish governing authorities would be authorized to increase the homestead exemption by up to an additional $5,000 of assessed value, raising the potential maximum from $7,500 to $12,500 (equivalent to $125,000 fair market value)
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Current law exempts the first $7,500 of assessed value ($75,000 fair market value) from state, parish, and special ad valorem taxes for owner-occupied primary residences
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Each parish must individually approve any increase; the amendment does not mandate higher exemptions statewide
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The proposed constitutional amendment would appear on the November 3, 2026 statewide ballot for voter approval
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If approved, the changes would take effect January 1, 2027 and apply to property taxes beginning in tax year 2027
Legislative Description
(Constitutional Amendment) Authorizes a parish governing authority to increase the amount of the homestead exemption (OR SEE FISC NOTE LF RV)
TAX EXEMPTIONS/HOMESTEAD
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
3/9/2026