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 that prohibits individuals aged sixty-five or older from qualifying for this special assessment if their adjusted gross income exceeds $100,000. This amendment would allow seniors to benefit from the special assessment level without being subject to the income cap, thereby providing them with greater financial relief regarding ad valorem taxes.

The proposed amendment is set to take effect on January 1, 2027, and will apply to all taxable years beginning on that date. Additionally, the bill outlines that 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 the elderly, thereby enhancing their eligibility for tax relief.