TAX/AD VALOREM TAX: (Constitutional Amendment) Increases the income threshold for purposes of qualifying for the special assessment level (OR DECREASE LF RV See Note)

HB 269 proposes a constitutional amendment to raise the income limit for Louisiana homeowners seeking a property tax break on their primary residence (homestead exemption). Currently, homeowners must earn under $200,000 in adjusted gross income (from the prior year's federal tax return) to qualify; the bill would increase this threshold and automatically adjust it yearly using the Consumer Price Index. If approved by voters, the change would take effect for 2027 property taxes, allowing more homeowners to qualify for the tax benefit. The amendment applies to all residential properties with homestead exemptions, including combined income for married couples filing separately.