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LA HB337
Bill
Status
4/3/2025
Primary Sponsor
Matthew Willard
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AI Summary
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Creates a $500 refundable Louisiana income tax credit for each dependent child under six years of age claimed on a state tax return
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Single, head of household, or married-separate filers must have adjusted gross income of $30,000 or less to qualify
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Married-joint or qualified surviving spouse filers must have adjusted gross income of $60,000 or less to qualify
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Credit is fully refundable, meaning taxpayers receive the excess amount as a cash refund if the credit exceeds their tax liability
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Applies to taxable years beginning on or after January 1, 2026
Legislative Description
Establishes an income tax credit for taxpayers who claim a dependent under the age of six (OR -$65,200,000 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