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)] HCR 50 Engrossed 2022 Regular Session Newell Authorizes the chairman of the House Committee on Ways and Means and the chairman of the Senate Committee on Revenue and Fiscal Affairs to establish a joint subcommittee composed of not more than three members of each respective committee to study the practicality and feasibility of phasing-in property tax increases when the assessed value of property increases after the reassessment of the property by a percentage of less than 50% of the previous year's assessed value and to report its findings and recommendations to the legislature prior to the 2023 R.S. Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Ways and Means to the original bill: 1. Require the chairmen of the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs to establish a joint subcommittee composed of not more than three members of each respective committee to study the issue rather than the entire membership of both committees. 2. Require the joint subcommittee report its findings and recommendations to the legislature prior to the commencement of the 2023 R.S. 3. Require the chairman of the House Committee on Ways and Means to call the first meeting of the joint subcommittee, and, at such meeting, require the members of the joint subcommittee to select a member to serve as its chairman and to select any other officers deemed necessary.