A trust shall be eligible for the ad valorem tax exemption established under Article VII, Section 21(M) of thethe 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 thethe 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 thethe 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 thethe Louisiana Constitution had they retained the naked ownership of the homestead.

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