Loading chat...
LA SB52
Bill
AI Summary
- Grants received from the Louisiana Fortify Homes Program are exempt from Louisiana state individual income tax
- Exemption applies to grant amounts received on or after January 1, 2025
- Amends the state tax code definition of "tax table income" to exclude these grants when calculating taxable income
- Estimated fiscal impact of $828,000 reduction in General Fund revenue
- Effective upon signature by the governor
Legislative Description
Provide an individual income tax exemption for grants from the Louisiana Fortify Homes Program. (gov sig) (EN -$828,000 GF RV See Note)
TAX EXEMPTIONS
Last Action
Effective date 6/4/2025.
6/4/2025
Committee Referrals
Ways and Means5/6/2025
Finance4/23/2025
Revenue & Fiscal Affairs4/1/2025
Full Bill Text
No bill text available