Senate Bill No. by Senator Kleinpeter proposes a constitutional amendment to Article VII, Section 20(A)(1) of the Louisiana Constitution, which currently provides a homestead exemption from state, parish, and special ad valorem taxes up to $7,500 of the assessed property valuation. The amendment seeks to authorize parish governing authorities to increase this exemption to an amount not to exceed $12,500 of the assessed valuation. This change aims to provide additional financial relief to homeowners by allowing local governments the flexibility to enhance the homestead exemption.

The proposed amendment will be submitted to voters during the statewide election scheduled for November 3, 2026, with an effective date of January 1, 2027, if approved. The ballot proposition will ask electors whether they support the amendment to allow parish governing authorities to increase the homestead exemption. This initiative reflects an effort to empower local governance in tax matters and potentially provide greater support to homeowners in Louisiana.