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)]
HB 516 Original 2015 Regular Session Carter
Abstract: Reduce the size of acreage eligible for the homestead exemption from 160 to 157 acres.
Present constitution provides for the annual levy of ad valorem property taxes by local governments
and the exemption from such taxation of homesteads and other property. The bonafide homestead
is exempt from state, parish, and special ad valorem taxes up to $7,500, of assessed valuation, which
is $75,000, of the fair market value of a homestead.
Present constitution provides that an eligible homestead consists a tract of land or two or more tracts
of land with a residence on one tract and a field with or without timber on it, pasture, or garden on
the other tracts, not exceeding 160 acres.
Proposed constitutional amendment retains present constitution except changes the size of the
property which is eligible for the exemption from 160 to 157 acres.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
Oct. 24, 2015.
(Amends Const. Art. VII, Sec. 20(A)(1))