House Bill No. proposes a constitutional amendment to increase the income threshold for property owners to qualify for the special assessment level on certain residential properties receiving the homestead exemption in Louisiana. Specifically, the bill seeks to amend Article VII, Section 18(G)(1)(a)(ii) of the Louisiana Constitution by raising the adjusted gross income limit from $100,000 to $200,000. This change will allow more individuals to qualify for the special assessment, which helps keep property taxes stable for eligible homeowners. The new income threshold will be adjusted annually based on the Consumer Price Index starting in tax year 2030.

If approved by voters in the statewide election scheduled for November 3, 2026, the amendment will take effect on January 1, 2027, and will apply to property taxes beginning in tax year 2027. The bill also clarifies that for applicants who are married and filing separately, their adjusted gross income will be combined for the purpose of determining eligibility for the special assessment. This proposed amendment aims to provide financial relief to a broader range of homeowners while maintaining the integrity of the special assessment program.