Louisiana House Bill HB493

Louisiana 2019 Regular Session

• Introduced: 3/29/19
• Refer: 3/29/19
• Refer: 4/8/19
• Report Pass: 5/2/19
• Engrossed: 5/16/19
• Refer: 5/20/19
• Report Pass: 5/27/19
• Enrolled: 6/6/19
• Chaptered: 6/20/19
• Passed: 6/20/19

Caption

Authorizes the city of New Orleans to establish a homestead exemption audit program in Orleans Parish

Impact

The bill empowers New Orleans to conduct audits that assess property roles for potential abuses of the homestead exemption. This initiative is crucial in a city where real estate can be a significant source of revenue. The ability to impose fees, equal to 10 percent of any amounts owed by taxpayers, provides a financial mechanism for the city to cover the costs associated with conducting these audits. The revenue from such fees could potentially help fund further compliance efforts or other municipal projects.

Summary

House Bill 493 authorizes the city of New Orleans to establish a homestead exemption audit program aimed at ensuring compliance with property tax regulations. This program will help to identify instances where property owners may be claiming multiple homestead exemptions or improperly benefiting from exemptions on multiple properties. By implementing this legislation, the city seeks to enhance the integrity of the homestead exemption system, thereby ensuring that tax benefits are adequately distributed and that public funds are preserved for their intended uses.

Sentiment

The general sentiment surrounding HB 493 appears to be positive, especially among proponents who see the audit program as a necessary step for fiscal responsibility and effective governance. The overwhelming support for the bill in the House, demonstrated by a vote of 94 yeas to 1 nay, suggests strong bipartisan backing. However, there may be concerns among property owners regarding the additional scrutiny and potential fees that could arise from this program, though these fears have not significantly impacted the bill's overall support.

Contention

Notable points of contention may revolve around the imposition of fees for the audit program, as some taxpayers might view these fees as a burden. Additionally, while the audit program is aimed at curbing abuses, critics could argue that it may unintentionally penalize honest property owners who may be subjected to rigorous scrutiny without any justification. The success of the program will hinge on the effectiveness of the city's implementation and communication regarding its purpose and benefits.