Louisiana HB961: TAX/AD VALOREM TAX: Extends eligibility to certain trusts for an ad valorem tax exemption for a property owner who is at least sixty-five years of age or older (EN SEE FISC NOTE LF RV See Note)

What the bill says

An act To enact R.S. 47:1717, relative to ad valorem tax; to extend eligibility to certain trusts for the ad valorem tax exemption for property owners who are at least sixty-five years of age or older; to provide for certain requirements; to provide for applicability; to provide for an effective date; and to provide for related matters.

From the introduced text:

AN ACT To enact R.S. 47:1717, relative to ad valorem tax; to extend eligibility to certain trusts for the ad valorem tax exemption for property owners who are at least sixty-five years of age or older; to provide for certain requirements; to provide for applicability; to provide for an effective date; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 47:1717 is hereby enacted to read as follows: §1717. Exemption for property of a person who is at least sixty-five years of age or older or a surviving spouse; eligibility for certain trusts A trust shall be eligible for the ad valorem tax exemption established pursuant to Article VII, Section 21(P) of the Constitution of Louisiana, which provides an exemption for a person who is at least sixty-five years of age or older or a surviving spouse of the owner, if all of the following apply: (1) The settlor of the trust meets the conditions for eligibility established pursuant to Article VII, Section 21(P) of the Constitution of Louisiana. (2) The settlor of the trust was the immediate prior owner of the homestead. (3) The naked ownership of the homestead was transferred to the trust. (4) The settlor retained a usufruct on the homestead. (5) The settlor continues to occupy the homestead. …

Read the full official text

Sponsors

• Farnum, Les (R, 33) · primary sponsor
• Chassion, Tehmi (D, 44)

Latest actions

1. May 29, 2026: Effective date: See Act.
2. May 29, 2026: Signed by the Governor. Becomes Act No. 448.
3. May 25, 2026: Received from the Senate without amendments.
4. May 25, 2026: Enrolled and signed by the Speaker of the House.
5. May 22, 2026: Sent to the Governor for executive approval.
6. May 21, 2026: Signed by the President of the Senate.
7. May 20, 2026: Rules suspended. Read by title, passed by a vote of 33 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
8. May 13, 2026: Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
9. May 12, 2026: Read by title and referred to the Legislative Bureau.
10. May 11, 2026: Reported favorably.

Votes

• Senate Vote on HB 961, FINAL PASSAGE (#1087) (May 20, 2026): 33 yea, 0 nay, passed
• House Vote on HB 961, FINAL PASSAGE (#606) (April 20, 2026): 97 yea, 0 nay, passed

Common questions

What is HB961?

HB961 is a bill in the Louisiana Legislature (2026 Regular Session): TAX/AD VALOREM TAX: Extends eligibility to certain trusts for an ad valorem tax exemption for a property owner who is at least sixty-five years of age or older (EN SEE FISC NOTE LF RV See Note).

What does HB961 do?

In its own words: An act To enact R.S. 47:1717, relative to ad valorem tax; to extend eligibility to certain trusts for the ad valorem tax exemption for property owners who are at least sixty-five years of age or older; to provide for certain requirements; to provide for applicability; to provide for an effective date; and to provide for related matters.

What is the status of HB961?

Signed into law as of May 29, 2026. Latest action: Effective date: See Act. (May 29, 2026).

Who sponsored HB961?

Farnum, Les (R, 33), with 1 co-sponsor.

Where is the official record for HB961?

On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=26RS&b=HB961