LA SB123

Creates a 95% income tax credit for donations made to Louisiana public schools rated "D" or "F" under the state accountability system, effective January 1, 2026

Donations must be used for instructional materials and supplies, tutorial programs, in-school child care for student parents, school-based health clinics, or meeting requirements for academically unacceptable schools

Caps total credits at $1 million per calendar year, distributed on a first-come, first-served basis with pro rata allocation if same-day requests exceed available credits

Requires schools to issue standardized receipts and submit annual CPA-prepared reports to the Department of Revenue and Department of Education by the last day of February

Credit program expires for taxable periods beginning on or after January 1, 2028