HB 300 - Increases the Income Limit to Qualify for the Property Tax Special Assessment Program - Louisiana Key Vote
Timeline
- Executive Signed
- June 13, 2025
- Senate Bill Passed
- June 9, 2025
- House Bill Passed
- May 29, 2025
- Introduced
- April 2, 2025
Related Issues
Stage Details
Title: Increases the Income Limit to Qualify for the Property Tax Special Assessment Program
Signed by Governor Jeff Landry
Title: Increases the Income Limit to Qualify for the Property Tax Special Assessment Program
Vote Smart's Synopsis:
Vote to pass a bill that increases the income limit to qualify for the property tax special assessment program in Louisiana.
Highlights:
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Increases the adjusted gross income cap for individuals to receive the special assessment level of ad valorem taxes from $100,000 to $150,000 per year (Sec. 1).
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Specifies that the assessor may establish an individual’s eligibility for the special assessment level by verifying the individual’s federal adjusted gross income as reported on the previous years’ tax return (Sec. 1).
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Specifies that any decrease in the ad valorem tax revenue as a result of the special assessment level shall be absorbed by the taxing authority and shall not create any additional tax liability on other taxpayers (Sec. 1).
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Specifies that this proposed amendment shall be submitted to the electors of the state of Louisiana at the statewide election to be held on November 3, 2026 (Sec. 3).
Title: Increases the Income Limit to Qualify for the Property Tax Special Assessment Program
Vote Smart's Synopsis:
Vote to pass a bill that increases the income limit to qualify for the property tax special assessment program in Louisiana.
Highlights:
-
Increases the adjusted gross income cap for individuals to receive the special assessment level of ad valorem taxes from $100,000 to $150,000 per year (Sec. 1).
-
Specifies that the assessor may establish an individual’s eligibility for the special assessment level by verifying the individual’s federal adjusted gross income as reported on the previous years’ tax return (Sec. 1).
-
Specifies that any decrease in the ad valorem tax revenue as a result of the special assessment level shall be absorbed by the taxing authority and shall not create any additional tax liability on other taxpayers (Sec. 1).
-
Specifies that this proposed amendment shall be submitted to the electors of the state of Louisiana at the statewide election to be held on November 3, 2026 (Sec. 3).
Title: Increases the Income Limit to Qualify for the Property Tax Special Assessment Program
More Info About this Vote
NOTE: THIS LEGISLATION IS CONTINGENT ON THE PASSAGE OF A CONSTITUTIONAL AMENDMENT PROPOSED IN SEPARATE LEGISLATION, THEREBY REQUIRING A TWO-THIRDS MAJORITY IN EACH CHAMBER FOR PASSAGE AND APPROVAL BY A MAJORITY OF VOTERS IN THE NEXT ELECTION TO BE ENACTED.