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LA HB333

Bill

Official Source

Status

Introduced

4/3/2025

Primary Sponsor

Dixon McMakin

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Reduces Louisiana's individual income tax rate from 3% to 0% over a 15-year period, beginning January 1, 2026
  • Decreases the rate by 0.2 percentage points each year (2.8% in 2026, 2.6% in 2027, continuing through 0.2% in 2039)
  • Eliminates the state individual income tax entirely beginning January 1, 2040
  • Officially named the "Banish All Nonproductivity to Delete Income Tax Act" or "BANDIT Act"
  • Amends R.S. 47:32(A) and applies to taxable years beginning on or after January 1, 2026

Legislative Description

Reduces the rate of individual income tax incrementally over a period of time before ultimately eliminating the tax (OR DECREASE GF RV See Note)

TAX/INCOME TAX

Last Action

Read by title, under the rules, referred to the Committee on Ways and Means.

4/14/2025

Committee Referrals

Ways and Means4/3/2025

Full Bill Text

No bill text available