Legislative Issues

LEGISLATIVE ISSUES & UPDATES


By Louisiana REALTORS® 15 Mar, 2024
Bill Tracking Report as of 3/14/2024
By Louisiana REALTORS® 13 Jun, 2023
The 2023 Regular Session of the Louisiana Legislature began April 10 and ended June 8. The session was fiscal in nature, meaning the session was shorter, and each legislator could only file five pieces of non-fiscal legislation. This was the last regular legislative session for Gov. John Bel Edwards, D-Amite; Senate President Page Cortez, R-Lafayette; and House Speaker Clay Schexnayder, R-Gonzales. The Louisiana REALTORS® Advocacy Team tracked over 200 pieces of legislation on behalf of the real estate industry and appeared at the Legislature daily to ensure your profession was represented and Louisiana citizens’ property rights were protected. These efforts led to the successful passage of bills that will make improvements for the profession and consumers you serve. These efforts also led to effectively stopping legislation in its tracks that would have been bad for your profession and the consumers you serve or amending all objections out of many bills that without your involvement would have been detrimental. Bills that were signed go into effect August 1 unless otherwise indicated. Please view the End of Session Report presented Harris, Deville & Associates on behalf of Louisiana REALTORS®.
By Louisiana REALTORS® 13 Jun, 2023
La Dept of Insurance Post-Session 2023 Recap
By Louisiana REALTORS® 12 Jun, 2023
The 2023 Legislative Session adjourned Thursday, June 8th. Legislators debated hundreds of bills with wide raising topics. The Louisiana REALTORS® Bill Review Team reviewed and determined Louisiana REALTORS® position on almost two hundred of these bills with topics ranging from taxes, homeowners’ associations, and property insurance. Click below to view the final tracking report on these bills Louisiana REALTORS® took positions on or were following throughout the legislative session. This service allows you to focus on your business while Louisiana REALTORS® focuses on opportunities and threats to it. 
By Louisiana REALTORS 07 Jun, 2023
Louisiana REALTORS® greatly appreciates the support of our legislators who join us in the fight for homeownership for all. WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Catherine Cortez Masto (D-NV) introduced the Affordable Housing Bond Enhancement Act to make homeownership more accessible for working families. The bill would improve tax credits for first-time homebuyers by bolstering the Mortgage Revenue Bond (MRB) program and Mortgage Credit Certificates (MCC) that have helped nearly four million low- and moderate-income families purchase their first home. “Middle-class Americans should not be priced out of the American Dream because of rapid inflation and sluggish economic growth,” said Dr. Cassidy. “This bill helps families achieve that dream of homeownership.” “The opportunity to own a home is an important piece of the American Dream. That’s why I’m fighting to help families afford a home through federal tax investments that provide lower interest rates and annual tax credits that help families with their a mortgage,” said Senator Cortez Masto. “My bipartisan bill will help more Nevadans be able to own and improve their homes, and I won’t stop working to lower housing costs in Nevada and across the states.” “The National Council of State Housing Agencies (NCSHA) thanks Senators Bill Cassidy and Cortez for introducing the Affordable Housing Bond Enhancement Act, which will expand access to homeownership for low- and moderate-income home buyers,” said Stockton Williams, executive director of NCSHA. “Mortgage Revenue Bonds and Mortgage Credit Certificates historically have been the state housing finance agencies’ primary tool for financing affordable homeownership opportunities for working families, having helped nearly four million home buyers combined. This legislation will enact a series of simple, commonsense reforms to the MRB and MCC programs that will allow HFAs to better stretch their resources and help more underserved households.” Specifically, the Affordable Housing Bond Enhancement Act would: Simplify the application process for MRB and MCC programs and make commonsense changes to use tax benefits to aid working families and add additional flexibility for borrowers. Allow homeowners to refinance their mortgages with MRB loans lowering costs for homeowners. Increase the amount of money homeowners with MRB loans can direct towards making home health and safety improvements—including possibly adding accessible bathrooms and ramps to help older and disabled Americans remain in their homes, as well as supporting energy efficiency upgrades or disaster mitigation renovations. The bill raises the current limit of $15,000 to $50,000. Provide housing finance agencies with the flexibility to extend loan and credit periods to account for delays due to the pandemic, supply chain issues, or construction shortages. Only require the issuers, not the lenders, to report MCC recipients to the IRS for tax accuracy and shorten the lengthy 90-day public notice requirement to 30 days to encourage more widespread use of the MCC program. This legislation is endorsed by the National Council of State Housing Agencies, LISC, National Association of REALTORS, National Association of Homebuilders, and the Mortgage Bankers Association.
By Louisiana REALTORS 05 Jun, 2023
The 2023 Legislative Session began Monday, April 10th and will adjourn Thursday, June 8th. Over the next two months, legislators will debate over six hundred House bills and two hundred Senate bills with wide raising topics. The Louisiana REALTORS® Bill Review Team met to review and determine Louisiana REALTORS® position on almost two hundred of these bills with topics ranging from taxes, homeowners’ associations, and property insurance. Click below to learn about the bills Louisiana REALTORS® will be taking positions on or following throughout the legislative session. This service allows you to focus on your business while Louisiana REALTORS® focuses on opportunities and threats to it. Louisiana REALTORS® will publish additional information regularly throughout the session so please check the website for updates. The Legislative Bill Tracker is updated weekly with the most recent update being June 5th.
By Louisiana REALTORS 16 May, 2023
The Louisiana Legislative Session has been busy this year and your Louisiana REALTORS® Advocacy Team has been working tirelessly on your behalf.
By Louisiana REALTORS® 12 May, 2023
The 2023 Legislative Session began Monday, April 11 th . Over the next two months, legislators will debate over six hundred House bills and two hundred Senate bills with wide raising topics. The Louisiana REALTORS® Bill Review Team met to review and determine Louisiana REALTORS® position on almost two hundred of these bills with topics ranging from taxes, homeowners’ associations, and property insurance. Click below to learn about the bills Louisiana REALTORS® will be taking positions on or following throughout the legislative session. This service allows you to focus on your business while Louisiana REALTORS® focuses on opportunities and threats to it. Louisiana REALTORS® will publish additional information regularly throughout the session so please check the website for updates. The Legislative Bill Tracker is updated weekly with the most recent update being May 12th.
By Louisiana REALTORS® 17 Apr, 2023
The state and local tax structure is expected to be a hot topic in the 2023 legislative session and the 2023 fall statewide elections. This topic will include discussions about property taxes, the statewide homestead exemption, and how state law requires local governments to raise revenue to fund local services.
By Louisiana REALTORS® 20 Feb, 2023
The Louisiana Realtors® has received the NAR Triple Crown Award and President's Cup Award for their 2022 fundraising and participation efforts. LR® was recognized for achieving its 2022 Realtors® Political Action Committee fundraising, participation, major investor and President’s Circle member goals. Louisiana was 1 of 18 states to receive both awards for their efforts in 2022. In addition, 4 Louisiana local associations received NAR’s Triple Crown Award and the President’s Cup Award for 2022 RPAC fundraising and advocacy efforts.
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