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LA HB133
Bill
Status
Introduced
3/26/2025
Primary Sponsor
Matthew Willard
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AI Summary
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Louisiana's state earned income tax credit doubles from 5% to 10% of the taxpayer's federal earned income tax credit for tax years 2026 through 2030
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The credit remains refundable, meaning any credit amount exceeding the taxpayer's tax liability will be refunded to the taxpayer
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Effective January 1, 2026, applicable to tax years beginning on or after that date
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Estimated fiscal impact of $64.6 million reduction in General Fund revenue
Legislative Description
Increases the amount of the earned income tax credit (OR -$64,600,000 GF RV See Note)
TAX CREDITS
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025
Committee Referrals
Ways and Means3/26/2025
Full Bill Text
No bill text available