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LA SB133
Bill
AI Summary
- Exempts profits interest granted or issued by entities taxed as partnerships for federal income tax purposes from Louisiana's wage payment requirements upon employee termination
- Amends R.S. 23:631 by adding subsection (F) to exclude partnership profits interests from the requirements of both Section 631 and R.S. 23:634
- Effective August 1, 2025
- Sponsored by Senator Pressly and enacted as Act No. 113 of the 2025 Regular Session
Legislative Description
Provides relative to payment of employees after termination of employment. (8/1/25)
WORKFORCE COMMISSION
Last Action
Effective date 8/1/2025.
6/8/2025
Committee Referrals
Labor and Industrial Relations5/5/2025
Labor & Industrial Relations4/4/2025
Full Bill Text
No bill text available