Requests the House Committee on Municipal, Parochial and Cultural Affairs to study the impact of the homestead exemption, nonprofit exemption, and other property tax exemptions on local government revenue
Impact
The resolution seeks to address long-standing issues related to the state's property tax system, where the growing loss of revenue from exemptions has led to increased pressure on local governments to fund essential services. It emphasizes the need for a stable, long-term revenue source to maintain public safety and other vital city services, thereby recognizing the adverse impact on cities if revenue issues are not resolved. Moreover, the Tax Fairness Commission has previously noted that the current tax structure may create disparities that necessitate reforms for greater equity.
Summary
House Resolution 86 requests the House Committee on Municipal, Parochial and Cultural Affairs to study the effects of the homestead exemption, nonprofit exemption, and other property tax exemptions on local government revenue. This resolution arises out of concerns regarding the financial challenges local governments face due to diminishing revenues linked to these exemptions, particularly noted in cities like New Orleans. The bill is a response to the historical context of the homestead exemption created during the Great Depression and ongoing issues with property tax revenues that have not kept pace with local needs.
Sentiment
The sentiment surrounding HR86 indicates a recognition of the pressing financial issues faced by local governments and the need for reform in property taxation policies. There is a general sense of urgency from lawmakers to study these exemptions thoroughly and potentially revise the existing tax framework, suggesting support for a balanced local funding approach while maintaining necessary services for constituents.
Contention
Notable points of contention include the balance between enabling local governments to manage their revenue sources through potential tax reforms, while also ensuring that nonprofit organizations are not unduly burdened. The discussions surrounding HR86 are likely to engage various stakeholders, including nonprofit organizations and local government officials, each with differing perspectives on how best to navigate the complexities of tax exemptions and their implications for revenue-generation and service provision.
Requests the House Committee on House and Governmental Affairs and the House Committee on Municipal, Parochial, and Cultural Affairs to jointly study the Louisiana Civil Service system
Requests the House Committee on Municipal, Parochial and Cultural Affairs to study the feasibility and effectiveness of parishes and municipalities enacting ordinances to create quiet zones
Requests the House Committee on Municipal, Parochial and Cultural Affairs to study the impact of filling vacancies in the classified police service in a certain manner
Urges and requests the House Committee on Municipal, Parochial and Cultural Affairs and the Senate Committee on Local and Municipal Affairs to act as a joint committee to assess the need for the creation of a state housing plan and the creation of a council on transportation and housing development
Requests the House Committee on Municipal, Parochial and Cultural Affairs to study the representation of parish, municipal, and state elected officials on boards and commissions that govern political subdivisions
Urges and requests the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs to review the goals and purposes of various tax exemptions, credits, and deductions
Requests the House Committee on Municipal, Parochial and Cultural Affairs to study and make recommendations regarding procedures that can be implemented to address the failure of local governmental subdivisions to make timely payments on public works contracts
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)
Requests the House Committee on Municipal, Parochial and Cultural Affairs to study and make recommendations relative to the duties and responsibilities that fiscal administrators have while investigating the financial stability of political subdivisions of the state
Provides relative to the special assessment level for, and exemptions for disabled veterans and their spouses, and for surviving spouses of military personnel, law enforcement and fire protection officers, and first responders from, ad valorem tax purposes on homesteads when naked ownership is in trust. (See Act) (EN SEE FISC NOTE LF RV See Note)
Constitutional amendment to authorize the full homestead exemption for an owner in indivision who is occupying the homestead if the exemption had been allowed to such owner prior to June 20, 2003. (2/3 - CA13s1(A)) (OR SEE FISC NOTE LF RV)
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)
(Constitutional Amendment) Increases the homestead exemption and provides for adjustment of the exemption after reappraisal (OR SEE FISC NOTE LF RV See Note)
Urges and requests the La. Tax Commission to study and make recommendations relative to the practicality and feasibility of establishing a state-wide homestead exemption database
Constitutional amendment to extend the time in which the owner of a homestead must reoccupy the homestead in order to retain the homestead's homestead exemption or its special assessment level and to provide for claiming the extension. (1/01/11)(2/3-CA13s1(A)) (EN INCREASE LF EX See Note)
Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (OR SEE FISC NOTE LF RV See Note)