HLS 22RS-1033 REENGROSSED
2022 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 50
BY REPRESENTATIVE NEWELL
TAX/PROPERTY: Requests a study of the practicality and feasibility of phasing-in
property tax increases when a property's assessed value increases after reassessment
by a percentage of less than fifty percent of the previous year's assessed value
1 A CONCURRENT RESOL UTION
2To authorize and request the chairman of the House Committee on Ways and Means and the
3 chairman of the Senate Committee on Revenue and Fiscal Affairs to establish a joint
4 subcommittee composed of four members of the House Committee on Ways and
5 Means and three members of the Senate Committee on Revenue and Fiscal Affairs
6 to study the practicality and feasibility of phasing-in property tax increases when the
7 assessed value of property increases after the reassessment of the property by a
8 percentage of less than fifty percent of the previous year's assessed value, and to
9 report its findings and recommendations to the legislature prior to the convening of
10 the 2023 Regular Session.
11 WHEREAS, Article VII, Section 18 of the Constitution of Louisiana provides for the
12assessment and classification of property subject to ad valorem taxation; and
13 WHEREAS, the constitution requires all property subject to taxation to be
14reappraised and valued at intervals of not more than four years; and
15 WHEREAS, Article VII, Section 18(F)(2) requires a four-year phase-in of the
16assessed value of immovable property following a statewide reappraisal of property if the
17assessed value of the immovable property increases by an amount greater than fifty percent
18of the property's assessed value in the previous year; and
19 WHEREAS, increases of less than fifty percent in the assessed value of property can
20create hardships for Louisiana property owners who have limited financial resources or who
21live on fixed incomes and can not afford large increases in ad valorem property taxes; and
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HCR NO. 50
1 WHEREAS, consideration should be given to circumstances where a lower threshold
2of an increase in the assessed valuation of property would qualify for the four-year phase-in
3of property taxes in order for property owners with limited financial means to maintain
4ownership of their property; and
5 WHEREAS, lowering the threshold for triggering the four-year phase-in of increases
6in the assessed value of property for purposes of property taxes should be balanced against
7the loss of revenue the phase-in can create for local governments, many of which finance
8operational expenses for the provision of services for citizens on the revenue generated from
9ad valorem property taxes.
10 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
11authorize and request the chairman of the House Committee on Ways and Means and the
12chairman of the Senate Committee on Revenue and Fiscal Affairs to establish a joint
13subcommittee composed of four members of the House Committee on Ways and Means and
14three members of the Senate Committee on Revenue and Fiscal Affairs appointed by the
15respective chairman to study the practicality and feasibility of phasing-in property tax
16increases when the assessed value of property increases after the reassessment of the
17property by a percentage of less than fifty percent of the previous year's assessed value, and
18to report its findings and recommendations to the legislature prior to the convening of the
192023 Regular Session.
20 BE IT FURTHER RESOLVED that the chairman of the House Committee on Ways
21and Means shall call the first meeting of the joint subcommittee, and, at such meeting, the
22members of the joint subcommittee shall select a member of the joint subcommittee to serve
23as its chairman and shall select any other officers deemed necessary by the joint
24subcommittee.
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 Reengrossed 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 four members of the House committee and three members of the Senate
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HCR NO. 50
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 resolution:
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.
The Committee Amendments Proposed by House Committee on House and
Governmental Affairs to the engrossed resolution:
1. Change the membership of the subcommittee from not more than three members
of each committee to four members of the House Committee on Ways and
Means and three members of the Senate Committee on Revenue and Fiscal
Affairs.
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