LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 500 HLS 23RS 850
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 5, 2023 12:30 PM Author: HILFERTY
Dept./Agy.: Local government
Subject: Disabled Veteran AVT credit applies to TY2023 Analyst: Deborah Vivien
TAX/AD VALOREM-EXEMPTION EN SEE FISC NOTE LF RV See Note Page 1 of 1
Provides with respect to the applicability of the additional property tax exemptions for certain veterans with disabilities
Current Law mandates a disabled veterans exemption to 100% for 100% disabled veterans and exemptions of $4,500 for
veterans with disability ratings of 70-99% (total exemption of $12,000 with homestead exemption) and $2,500 for veterans
with disability ratings of 50-69% (total exemption of $10,000). The exemption was approved by voters in November, 2022,
without a specific effective date.
Proposed law clarifies that the exemption is effective for ad valorem taxes due during tax year 2023 and beyond.
EXPENDITURES 2023-24 2024-25 2025-26 2026-27 2027-28 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2023-24 2024-25 2025-26 2026-27 2027-28 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
There is no anticipated direct material effect on governmental expenditures as a result of this measure. Taxes for most
parishes are due at the end of the calendar or tax year that was just completed. Orleans parish taxes are due at the
beginning of the calendar year or tax year that is commencing. Thus for this exemption to apply to 2023 taxes in Orleans
Parish, a refund may be necessary, which may require additional resources.
REVENUE EXPLANATION
The bill appears to provide clarity to the interpretation of the exemption that was approved by voters on November 8, 2022,
so that the exemption applies to tax year 2023 taxes.
Orleans parish estimates that about $1.7 M in 2023 taxes are eligible for this exemption, some or all of which would be
refunded back to taxpayers in 2023.
The bill may have a contradictory component in that it states that the exemption applies to property taxes due in tax year
2023, which could include tax year 2022 if a billing deadline was extended into 2023. Then, the bill appears to exclude tax
year 2022 by further stating that the exemption shall be applicable only to tax years beginning on or after January 1, 2023.
The fiscal note assumes that the clarification is that the exemption will apply to taxes owed for tax year 2023 and beyond.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Interim Legislative Fiscal Officer