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LA HB186
Bill
Status
3/31/2025
Primary Sponsor
Jason DeWitt
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AI Summary
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Creates a refundable income tax credit for businesses that pay employees during inactive duty training or pay a "reservist differential" (the gap between civilian wages and military pay) when employees are called to active duty
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Credit amount equals the total IDT compensation plus reservist differentials paid during the tax year, capped at $5,000 per business
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Total program capped at $5 million per calendar year, distributed on a first-come, first-served basis with pro rata allocation if requests exceed availability on the same day
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Applies to Louisiana National Guard members and U.S. armed forces reservists employed by private businesses
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Effective January 1, 2026, with credits prohibited for taxable years beginning after December 31, 2031
Legislative Description
Authorizes a tax credit for certain employers of La. National Guard members and military reservists (EG -$5,000,000 GF RV See Note)
TAX CREDITS
Last Action
Read by title, ordered engrossed, recommitted to the Committee on Appropriations.
5/20/2025