Vote "YES" for More Jobs, Lower Tax Rates in Louisiana

Louisiana REALTORS • October 21, 2021

Louisiana REALTORS® officially endorses Constitutional Amendment #1 and #2 on November 13th ballot.

Attendees at a recent Louisiana REALTORS® Town Hall meeting overwhelmingly indicated support for Constitutional Amendment #1 and #2 after a presentation by Speaker of the Louisiana House of Representatives Clay Schexnayder, Chair of the House of Representatives Ways and Means Committee Stuart Bishop, and Representative Beau Beaullieu. View the recording of that presentation here. 


Louisiana REALTORS® Board of Directors at the October 6 meeting in Lafayette, LA voted for the association to officially endorse the two proposed constitutional amendments. These two amendments are part of major tax reforms that policy groups and task forces have been discussing for years and now is the time to make these discussions a reality.


In supporting these measures, Louisiana REALTORS® joins countless business groups that have publicly expressed support for the fiscal reform amendments.

  • Constitutional Amendment #1 : Streamline Local Sales Tax Collection

    Louisiana ranks 49th out of 50 states in terms of how we collect sales taxes. That’s because where almost every other state has just one, we have 54 local tax collectors for our 64 parishes, and among them are more than 100 different local tax rates. 


    In-state businesses required to charge local sales tax have to remit to these collectors separately, while out-of-state retailers like Wayfair have one simple portal. 


    The current system is archaic and cumbersome and puts our home-grown businesses at a disadvantage.

  • Constitutional Amendment #2: Simplify Our Tax Code

    Tax Simplification would lower tax rates in exchange for removing the FIT from the State Constitution, and if passed by voters, this amendment triggers a trio of companion bills into effect that together create a simpler system with lower rates, helping Louisiana

    to recruit more jobs here. Specifically, the amendment and accompanying bills:


    • Cap personal income tax at 4.75% - that would be the lowest in the South and fourth lowest in the country (amendment)
    • Remove current individual income tax brackets from the State Constitution, allowing the Legislature to lower rates (amendment)
    • Remove the FIT requirement from Louisiana’s Constitution (amendment)
    • Lower rates in the 3 brackets for personal income tax, lowering the highest from 6% to 4.25% (HB278)
    • Collapses corporate tax brackets from 5 to 3, capping the highest at 7.5% (HB 292)
    • Eliminate the Corporate Franchise Tax on the first $300,000 of taxable capital, lowers the tax from $3 to $2.75 per thousand on capital greater than $300,000 (SB 161)

    In an analysis of the plan, the Washington DC-based Tax Foundation predicted that these tax reform measures will finally move Louisiana out of the bottom ten states in business tax climate rankings.

View Sample Ballot Language

The proposed amendments do not impose or raise new or existing taxes but seek to put us in line with how almost all other states collect sales taxes and stabilize our state income tax rates and budget. 


Both amendments will help all businesses and individuals as it relates to sales tax collections and personal & corporate income tax rates being lowered.  Louisiana REALTORS encourages you to learn more facts about these amendments by visiting untangleourtaxes.com or by viewing the Public Affairs Research Council 2021 Guide to Constitutional Amendments.
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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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