TAX/AD VALOREM: Constitutional amendment to authorize the local governing authority of a parish to provide an increase to the homestead exemption. (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV)

SB 56 proposes a constitutional amendment allowing Louisiana parishes to approve an additional $22,500 homestead property tax exemption (beyond the existing $7,500 exemption), totaling up to $30,000 in tax relief for qualifying homeowners. This exemption requires specific approval by a parish governing authority and mandates that taxing authorities absorb any resulting revenue loss without increasing taxes for other residents. The amendment must be approved by Louisiana voters in the November 2025 election to take effect. It directly affects homeowners in parishes that adopt the additional exemption, with no impact on property reappraisals or millage adjustments.