Loading chat...
LA HB194
Bill
Status
3/31/2025
Primary Sponsor
Mike Bayham
Click for details
AI Summary
-
Creates a Louisiana individual income tax deduction for overtime compensation as defined under Section 7 of the Fair Labor Standards Act (pay for hours worked over 40 per week)
-
Caps the deduction at 20% of the taxpayer's other wages from the same employer for the taxable year
-
Limits eligibility based on adjusted gross income: $200,000 for married filing jointly/surviving spouse, $150,000 for head of household, and $100,000 for single/married filing separately
-
Applies only to Louisiana resident individual taxpayers
-
Effective January 1, 2026 for taxable periods beginning on or after that date
Legislative Description
Authorizes an income tax deduction for certain taxpayers' overtime compensation (OR DECREASE GF RV See Note)
TAX/INCOME-INDIV/EXEMPT
Last Action
Read by title, under the rules, referred to the Committee on Ways and Means.
4/14/2025