HB 300: TAX/AD VALOREM-EXEMPTION: (Constitutional Amendment) Increases the income threshold for purposes of qualifying for the special assessment level (EN DECREASE LF RV See Note) - Louisiana

HB300 Original → HB300 Act 220 · 4 edits

MODERATE

This bill fundamentally changes the special property tax assessment level by removing the income limit entirely. Previously, only seniors, disabled veterans, and disabled non-veterans could qualify regardless of income, but the old law also allowed other eligible property owners to qualify if their income was below $100,000. The new version eliminates this income cap, allowing any person meeting the existing age or disability criteria to receive the tax benefit regardless of their financial status.

Scope change

The scope of eligibility expanded from a mixed model (age/disability status plus an income cap for others) to a model where age or disability status is the sole requirement, removing the income threshold for all applicants.

ELIGIBILITY

Deleted the $100,000 income limit that previously restricted non-senior/non-disabled applicants from receiving the special assessment level.

Increased the income threshold for married couples filing separately from $100,000 to $150,000, though this is now largely irrelevant as the income cap is removed for most applicants.

TIMELINE

Updated the effective date of the new income limit provisions from 2026 to 2028, reflecting the change in the underlying law.

TECHNICAL

Revised the ballot language to ask if voters support increasing the maximum income amount, rather than asking if they support eliminating the income limit entirely.

HB300 Enrolled → HB300 Original · 4 edits

MODERATE

This bill changes the Louisiana Constitution to remove the income limit for the special property tax assessment level, allowing eligible seniors and disabled veterans to qualify regardless of their earnings. It also repeals existing constitutional sections that defined specific application procedures and eligibility for surviving spouses, replacing them with a new ballot question that clarifies the expanded eligibility.

Scope change

The bill expands the scope of the special assessment level from a limited group based on income and age/disability to include all individuals in those categories regardless of their financial status.

ELIGIBILITY

Deleted the constitutional requirement that a person's adjusted gross income must not exceed $150,000 to qualify for the special assessment level.

Added a new provision stating that eligible owners (seniors and disabled veterans) can receive the special assessment level regardless of their income.

REQUIREMENT

Repealed the specific constitutional text detailing application procedures for surviving spouses and owners who are permanently totally disabled.

Replaced the detailed application rules with a new ballot proposition that summarizes the changes to the law.

HB300 Reengrossed → HB300 Enrolled · 3 edits · Jun 10, 2025

MINOR

The bill was finalized as an enrolled version, removing the draft 'Reengrossed' header and the legislative digest. The core policy text remains unchanged, maintaining the $150,000 income threshold for special property tax assessment eligibility, with inflation adjustments starting in 2028 and full implementation in 2027.

Scope change

The scope of the bill itself did not change; only the document metadata and explanatory text were removed to finalize the version for signature and printing.

TECHNICAL

Removed the 'Reengrossed' header and page count, replacing them with 'Enrolled' status and updated page counts to reflect the final version.

Deleted the 'Digest' section, which previously provided a summary and abstract of the bill's purpose and history.

Removed the signatures of the Speaker of the House and President of the Senate, as this text is typically added during the final printing process rather than the legislative drafting phase.

HB300 Engrossed → HB300 Reengrossed · 3 edits · Jun 9, 2025

MINOR

The bill was reengrossed to correct a critical error in the income eligibility threshold for the special property tax assessment. The original version incorrectly set the new income limit at $100,000, while the corrected version raises the limit to $150,000, aligning with the legislative intent to increase the benefit for homeowners.

Scope change

The scope of the benefit expanded by increasing the maximum income a person can earn while still qualifying for the special assessment level.

ELIGIBILITY

The income limit for qualifying for the special assessment level was changed from $100,000 to $150,000.

TECHNICAL

Header text was updated from 'ENGROSSED' to 'REENGROSSED' to reflect the new version of the bill.

TIMELINE

The effective date for the new $150,000 limit remains January 1, 2027, but the inflation adjustment schedule was clarified to begin in 2028.

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

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