Louisiana amendment would preserve tax break for deceased veteran spouse – Shreveport Times

Louisiana amendment would preserve tax break for deceased veteran spouse  Shreveport Times

A proposed amendment to the Louisiana Constitution on the Nov. 3 midterm ballot would preserve a property tax break for the spouse of a deceased veteran who suffered a service-related disability. Amendment No. 1 would allow the surviving spouse to make a one-time transfer of the additional property tax exemption to a new qualifying property with the value of the exemption capped at the previous level of the prior home. It was advanced through the Legislature as Senate Bill 180 by Republican Baton Rouge Sen. Franklin Foil, chairman of the Senate Revenue and Fiscal Affairs Committee. Following is an edited explanation of Amendment No. 3 from the Public Affairs Research Council of Louisiana, which provides a voter's guide without taking a position.

For PAR's full analysis, go to the complete guide. Ballot language: “Do you support an amendment to allow the surviving spouse of a deceased veteran with a service-connected disability, who receives the additional property tax exemption, to make a one-time transfer of the additional property tax exemption to a subsequent qualifying property?” Proposed change: The amendment would allow the surviving spouse of a veteran who was eligible for a higher property tax exemption to receive a one-time transfer of the special homestead exemption to a new home after the veteran’s death, rather than losing the exemption. The dollar