Louisiana House Bill HB500

Louisiana 2023 Regular Session

• Introduced: 3/31/23
• Refer: 3/31/23
• Refer: 4/10/23
• Report Pass: 4/13/23
• Engrossed: 4/18/23
• Refer: 4/19/23
• Report Pass: 5/15/23
• Enrolled: 6/5/23
• Chaptered: 6/12/23
• Passed: 6/12/23

Caption

Provides with respect to the applicability of the additional property tax exemptions for certain veterans with disabilities (EN SEE FISC NOTE LF RV See Note)

Impact

The enactment of HB500 is expected to directly impact the financial landscape for veterans with disabilities, allowing them to retain more of their income for other needs rather than allocating significant amounts towards property taxes. This legislation aligns with efforts to support veterans and acknowledges their service by assisting them in managing their fiscal responsibilities in a more favorable manner. The bill's provisions will be applicable to tax years beginning on or after January 1, 2023, which signals a timely intervention for eligible veterans.

Summary

House Bill 500 (HB500) focuses on the applicability of ad valorem property tax exemptions specifically for certain veterans with disabilities in Louisiana. The bill enacts a new statute, R.S. 47:1716, which specifies that the exemptions apply regardless of when the property tax assessment rolls are completed for the tax year 2023. This legislation is aimed at providing financial relief to disabled veterans, facilitating their property ownership without the burden of property taxes that might otherwise apply.

Sentiment

General sentiment around HB500 has been positive, particularly among veterans' advocacy groups and supporters who view the bill as a necessary recognition of the sacrifices made by veterans. The unanimous passage in the Senate, with a vote of 37 yeas to 0 nays, suggests broad support for the measure among lawmakers, indicating a commitment to veteran welfare and responsiveness to their needs. Such unanimous support also indicates a strong bipartisan consensus that transcends typical political divisions.

Contention

There have been minimal points of contention regarding HB500, as most discussions emphasize the bill’s aim to enhance the welfare of veterans rather than inciting debate over principles of taxation or property rights. However, potential concerns could arise regarding the financial implications for state revenues due to the exemptions provided, leading to discussions on balancing veteran support with state budget priorities. Critics may still ponder the cumulative impact of these exemptions on overall state funding and services, but so far, these have not translated into substantial opposition.