Senate Bill No. proposes a constitutional amendment to Article VII, Section 18(G)(1)(a)(ii) of the Louisiana Constitution, aimed at modifying the eligibility criteria for the special assessment level for residential property receiving the homestead exemption. The bill seeks to remove the existing income limitation that prohibits individuals aged sixty-five or older from qualifying for this special assessment if their adjusted gross income exceeds $100,000. This income threshold is subject to annual adjustments based on the Consumer Price Index. The proposed amendment specifies that the income limitation will not apply to persons aged sixty-five and older, thereby allowing them to qualify for the special assessment regardless of their income level.

If approved, this amendment will take effect on January 1, 2026, and will apply to all taxable years beginning on that date. The proposal will be submitted to voters during the statewide election scheduled for November 15, 2025, allowing the electorate to decide whether to support the removal of the income limitation for seniors seeking the special assessment level for their residential properties.