Senate Bill No. SLS 25RS-15 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 of $100,000 for individuals applying for this special assessment, specifically for those aged sixty-five or older. This change would allow seniors to qualify for the special assessment level without being subject to income restrictions, thereby providing them with greater financial relief regarding ad valorem taxes.

The proposed amendment will take effect on January 1, 2027, and will apply to all taxable years beginning on that date. Additionally, the amendment will be presented to voters during the statewide election scheduled for November 3, 2026, allowing the electorate to decide whether to support the removal of the income limitation for seniors qualifying for the special assessment level. The bill retains the current provisions of the constitution while specifically addressing the income limitation for older individuals, thereby enhancing their eligibility for tax benefits associated with their residential properties.