2023 Legislative Session Overview

Louisiana REALTORS® • May 12, 2023

The 2023 Legislative Session began Monday, April 11th. 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. 


Legislative Bill Tracker

  • Availability of Affordable Property Insurance

    Over the past two years, Louisiana has seen a drastic drop in the number of property insurance companies doing business in the state.  This has left property owners with fewer choices in the insurance market and higher insurance premiums. It has also priced many out of obtaining the dream of home ownership.  This is because while potential buyers can qualify for a home loan, they cannot afford the monthly note due to the high cost of property insurance premiums. Throughout the 2023 Legislative Session and beyond, Louisiana REALTORS® will advocate for solutions to increase competition in the insurance market, encourage homes to be retrofitted and built to withstand treacherous weather conditions, and provide for fair rules, processes, and procedures for both consumers and insurers to follow when there are disputes about claims.

  • State and Local Tax Structure

    The structure by which state and local governments are funded will likely be a major topic of discussion throughout the 2023 Legislative Session because odd number session years are largely limited to tax related bills. Included in this discussion, will be talk about property taxes, the statewide homestead exemption, and how state law requires local governments to raise revenue to fund local services.  In an election year, it is still yet to be seen if any structural changes will come out of this session, but the discussion on this topic this session will certainly lay the groundwork for debate during the 2023 statewide fall elections. 


    Until some of these bills move out of the House Ways and Means Committee, the Louisiana REALTORS® Bill Review Team that the association will in most part remain neutral on these bills and potentially regroup to review that position as bills on the subject move through the process.  The following three benchmarks will be the basis of any review of any proposed changes to the homestead exemption and how state law requires local governments to raise revenue:


    • Provide predictability for the property owner.
    • Provide stability in the real estate market.
    • Provide for comprehensive change in funding local government that allows for these entities to meet the needs of citizens.

Louisiana REALTORS®: Housing Will Be Critical to SpaceX Investment’s Success

By Louisiana REALTORS® • August 25, 2026
Louisiana REALTORS® CEO Norman Morris issued the following statement after SpaceX announced plans to invest $100 billion in a new launch facility in Vermilion Parish. The project is expected to create 3,000 direct jobs and more than 8,100 indirect jobs across Acadiana. “SpaceX’s investment is an extraordinary economic win for Louisiana. We congratulate Governor Jeff Landry, Louisiana Economic Development Secretary Susan Bourgeois, Vermilion Parish leaders, and everyone who helped bring this historic project home. The housing and infrastructure improvements needed to support more than 11,000 new job opportunities should generate a huge economic boost to the Acadiana and Gulf Coast region. According to the National Association of REALTORS®, each typical Louisiana home sale generates approximately $88,600 in economic activity. Even if only half of the new SpaceX related jobs lead to a home purchase, the impact would generate nearly half a billion dollars across our state's economy. That improves our tax base and school systems, and ripples through our economy touching builders, bankers, hardware stores, appliance dealers, contractors and so many more. “Housing is not downstream of economic development; it is an essential infrastructure. Louisiana REALTORS® and our partners stand ready to help turn these new jobs into homes, stronger communities and lasting roots in Louisiana. Economic development creates jobs, but housing turns those jobs into homes. Let’s make Louisiana home again, together.” Economic-impact estimates are illustrative calculations by Louisiana REALTORS® using employment projections from Louisiana Economic Development and the National Association of REALTORS®’ estimated economic impact per typical Louisiana home sale. They are not forecasts or recurring annual-impact figures. Enjoy the video below from the Louisiana Department of Economic Development .
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