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LA HB195

Bill

Official Source

Status

Introduced

3/31/2025

Primary Sponsor

Mike Bayham

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates a Louisiana state income tax deduction for tip income received by resident individual taxpayers, capped at $25,000 per taxable year
  • Defines eligible "tip income" as social security tips and allocated tips reported on IRS Form W-2, plus unreported cash and charge tips documented on IRS Form 4137
  • Applies to taxable periods beginning on or after January 1, 2026
  • Sponsored by Representative Bayham in the 2025 Regular Session

Legislative Description

Authorizes an income tax deduction for certain amounts of tip income (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

Committee Referrals

Ways and Means3/31/2025

Full Bill Text

No bill text available