LA HB628

Establishes the Louisiana Dividend Program to distribute a portion of excess mineral revenues to eligible adult Louisiana residents who are U.S. citizens or lawful permanent residents, effective the first July 1st after individual income tax is eliminated in the state

Creates the Louisiana Dividend Fund, funded by 25% of mineral revenues (severance taxes, royalties, bonus payments) exceeding $650 million annually; dividends are paid only when the fund balance exceeds $400 million at fiscal year end

Disqualifies individuals convicted of a felony during the qualifying year or incarcerated for certain crimes, with amounts that would have been paid to ineligible individuals transferred to a Restorative Justice Subfund for corrections costs

Requires applications between July 1 and September 30, with dividend payments distributed between November 1 and March 31; the legislature may redirect funds to capital outlay projects by two-thirds vote of both chambers

Protects 20% of dividend payments from seizure for debt collection and imposes penalties including civil fines up to $3,000 and loss of eligibility for up to five future dividends for fraudulent applications