La. Revenue and Taxation § 47:1715

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647

Section 47:1715 - Exemption for property of the surviving spouse of certain military personnel, law enforcement and fire protection officers, and other first responders; eligibility for certain trusts

A trust shall be eligible for the ad valorem tax exemption established under Article VII, Section 21(M) of the Louisiana Constitution which provides an exemption for the surviving spouse of certain persons who died while performing their duties as a member of the military, law enforcement or fire protection officer, volunteer firefighter, medical responder, technician, or paramedic as provided in the Louisiana Constitution, if all of the following apply:

(1) The settlor or settlors of the trust meet the conditions for eligibility established under Article VII, Section 21(M) of the Louisiana Constitution.

(2) The settlor or settlors of the trust were the immediate prior owners of the homestead.

(3) The naked ownership of the homestead was transferred to the trust.

(4) The settlor or settlors retained a usufruct on the homestead.

(5) The settlor or settlors continue to occupy the homestead.

(6) The settlor or settlors would have been eligible for the exemption established under Article VII, Section 21(M) of the Louisiana Constitution had they retained the naked ownership of the homestead.

La. Revenue and Taxation § 47:1715

Acts 2018, No. 659, §1, eff. December 12, 2018.

Added by Acts 2018, No. 659,s. 1, eff. if and when the proposed 12 addition of Article VII, Sections 18(G)(6), and 21(K)(4) and (M)(4) of the Constitution of 13 Louisiana contained in the Act which originated as Senate Bill No. 163 of this 2018 Regular 14 Session of the Legislature is adopted at the statewide election to be held on November 6, 15 2018, and becomes effective..