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LA SB13
Bill
Status
3/17/2025
Primary Sponsor
Franklin Foil
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AI Summary
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Doubles the state income tax exemption for deposits into Louisiana START K12 education savings accounts beginning January 1, 2026
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Single filers' annual exemption increases from $1,200 to $2,400 per beneficiary; joint filers' exemption increases from $2,400 to $4,800 per beneficiary
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Unused exemption amounts below the annual maximum continue to roll over to subsequent years and remain exempt from state income tax
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START K12 accounts fund K-12 education expenses such as tuition, fees, and other qualified costs
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Effective August 1, 2025, applicable to tax years beginning on or after January 1, 2026
Legislative Description
Increases the individual income tax exemption for deposits into the START K12 Program accounts. (8/1/25) (OR DECREASE GF RV See Note)
TAX EXEMPTIONS
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs.
4/14/2025