FUNDS/FUNDING: (Constitutional Amendment) Revises Article VII of the Constitution of La. (Items #1, 2, 7, and 14) (EN DECREASE RV See Note)

HB 7 is a procedural bill that proposes changes to the Louisiana Constitution by deleting several previous amendments and modifying specific tax and property exemption language. The bill directly affects state tax collection rules, the authority of the Uniform Local Sales Tax Board, and property tax exemptions for veterans and their surviving spouses. Key provisions include clarifying how collected taxes must be held in trust, adjusting the definition of direct means of finance, and expanding homestead tax exemptions for veterans with varying levels of service-connected disabilities. Additionally, the bill alters how severance tax on brine is calculated and updates numerical formatting within the constitutional text.