House Bill No. by Representative Wilder proposes a constitutional amendment to Article VII, Section 23(C) of the Louisiana Constitution regarding ad valorem property tax millage rates. The amendment allows local taxing authorities to continue levying a lower millage rate without losing the ability to adjust to the maximum authorized millage rate from a prior year's reassessment. This change is significant as it modifies the current requirement that a taxing authority must increase its millage rate to the maximum authorized rate from the prior year's reassessment before the next reassessment, or else it permanently loses that ability.

The proposed amendment will take effect on January 1, 2027, and will apply to all taxable years beginning on or after that date. It will be submitted to voters for approval during the statewide election scheduled for November 3, 2026. The amendment aims to provide more flexibility for taxing authorities in managing their millage rates while ensuring that they can still adjust to the maximum authorized rates as needed.