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SB 115

TAX/TAXATION: 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)

2025 Regular Session Introduced by Royce Duplessis

Constitutional amendment extends Louisiana homestead exemption property tax relief to additional eligible residents, reducing local government revenue starting January 1, 2027.

Rules suspended. Called from the Calendar.
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WeVote Research Nonpartisan
Bill Summary · SB 115

Legislative bill overview

SB 115 proposes a constitutional amendment to expand Louisiana's homestead exemption by extending the special assessment level for residential property taxes to additional eligible persons beyond those currently qualifying. The bill requires a two-thirds legislative vote and would take effect January 1, 2027, following voter approval through the constitutional amendment process.

Why is this important

Homestead exemptions reduce property tax burdens for homeowners, and expanding eligibility could provide tax relief to more Louisiana residents while potentially affecting local government revenue streams. The fiscal note indicates this change would decrease local funding and reduce assessed values (RV), making it a substantive shift in property tax policy with measurable economic consequences for municipalities and school districts.

Potential points of contention

  • Revenue impact: The bill explicitly decreases local funding and reduces property valuations, meaning municipalities and school districts would lose tax revenue—raising questions about budget priorities and whether services must be cut or other taxes increased
  • Eligibility expansion scope: The bill's vague language about "certain persons" lacks specificity about who qualifies, creating uncertainty about the amendment's true cost and fairness implications
  • Regressive tax policy debate: While homestead exemptions benefit homeowners, critics may argue the lost revenue disproportionately affects renters, non-residents, and those in lower tax brackets who don't benefit from property tax relief

Compiled from official sources — confirm details with the bill’s official record.

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