HLS 12RS-203 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 6
BY REPRESENTATIVE PEARSON
RETIREMENT/ASSESSORS: Provides relative to financing the Louisiana Assessors'
Retirement Fund
AN ACT1
To amend and reenact R.S. 11:1481(1)(a)(i), relative to the Louisiana Assessors' Retirement2
Fund; to provide with respect to the financing of the fund; and to provide for related3
matters.4
Notice of intention to introduce this Act has been published5
as provided by Article X, Section 29(C) of the Constitution6
of Louisiana.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 11:1481(1)(a)(i) is hereby amended and reenacted to read as follows:9
§1481. Financing of fund; deductions; deficiencies and surpluses; remedies10
The fund shall be financed as set forth hereunder:11
(1)(a)(i) Each sheriff and ex officio tax collector of the state of Louisiana,12
or other official responsible for such tax collection, is hereby authorized and required13
to deduct one-fourth of one percent of taxes shown to be collectible by the tax rolls,14
including that shown on the tax rolls to be exempted by virtue of the homestead15
exemptions of each respective parish, and the city tax collector for the city of New16
Orleans, or other official responsible for such tax collection, is hereby authorized and17
required to deduct one-fourth of one percent of taxes shown to be collectible by the18
tax rolls, including that shown on the tax roll to be exempted by virtue of homestead19
exemptions, for the city of New Orleans and the parish of Orleans, which money20 HLS 12RS-203 ORIGINAL
HB NO. 6
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
each respective sheriff, tax collector, or any other person performing said duties shall1
remit to the Assessors' Retirement Fund in a lump sum from first tax collections each2
year or periodically at the same time said the sheriff and or tax collector shall3
disburse disburses funds to the tax recipient bodies of his respective parish. The4
amount remitted to the Assessors' Retirement Fund shall be based on the total5
amount of taxes shown to be collectible on the roll, including that shown on the tax6
roll to be exempted by virtue of homestead exemption, on the date the tax roll is filed7
for collection.8
* * *9
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Pearson HB No. 6
Abstract: Changes the amount of property tax proceeds due from each parish to the La.
Assessors' Retirement Fund from an amount based on tax rolls that includes
homestead exempt property to an amount that does not take homestead exempt
property into account.
Present law creates the La. Assessors' Retirement Fund and provides a funding mechanism
for such fund. Provides that each tax collector in the state is required to remit a certain
percentage of ad valorem taxes in each jurisdiction to the La. Assessors' Retirement Fund
in order to fund the system. Proposed law retains present law.
Present constitution (Const. Art. VII, §20) provides an exemption from state, parish, and
special ad valorem taxes, up to a value of $7,500, for each homestead in the state.
Present law provides that each tax collector must remit to the La. Assessors' Retirement
Fund an amount equal to 1/4 of 1% of all taxes shown to be collectable on property in a
jurisdiction, including the $7,500 of each of those properties in the jurisdiction subject to the
homestead exemption. Proposed law removes the inclusion of the homestead exempt
property from the calculation, so the tax collector must remit an amount equal to 1/4 of 1%
of all taxes shown to be collectable on property in the jurisdiction.
(Amends R.S. 11:1481(1)(a)(i)