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LA SB33
Bill
Status
3/31/2025
Primary Sponsor
Robert Allain
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AI Summary
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Creates the Government Accountability and Innovation for Net Savings (GAINS) tax credit program, allowing eligible full-time state employees to earn income tax credits for submitting cost-saving proposals that are approved and implemented by their agencies
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Tax credit equals 30% of certified annual state savings, distributed over three years: 15% in year one, 10% in year two, and 5% in year three
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Total tax credits certified by the commissioner of administration are capped at $10 million per fiscal year, awarded on a first-come, first-served basis
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Employees with budget creation or implementation responsibilities for their agency are excluded from eligibility; unused credits may be carried forward up to 10 years
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Program terminates July 1, 2029, with rules required by December 31, 2025; credits may be recaptured in cases of fraud or misrepresentation
Legislative Description
Authorizes an income tax credit for eligible state employees that identify cost savings in state agencies. (gov sig) (EG SEE FISC NOTE GF EX See Note)
TAX/TAXATION
Last Action
Read by title and returned to the Calendar, subject to call.
5/12/2025