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Committee advances bill letting parishes raise homestead exemption to $12,500
Summary
The House Civil Law and Procedure Committee voted to report HB271 favorably with amendments, sending a proposed constitutional amendment allowing parish governing authorities to increase the homestead exemption from $7,500 to up to $12,500 to the ballot.
The House Civil Law and Procedure Committee on May 13 advanced House Bill 271, a constitutional amendment proposal that would allow parish governing authorities to increase the homestead exemption on assessed property value to as much as $12,500 from the current $7,500.
Representative Willard, sponsor of HB271, told the committee, "HB 2 71 allows local parish governing authorities to increase the homestead exemption, of the…
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