SLS 11RS-641 REENGROSSED
Page 1 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2011
SENATE BILL NO. 259
BY SENATOR MARIONNEAUX
TAX/TAXATION. Phases out individual and corporate income tax over 10 calendar years
beginning with calendar year 2013 and ending in calendar year 2022, when no tax would be
due. (8/15/11)
AN ACT1
To enact R.S. 47:32(D), relative to income taxes; to phase out the taxes on personal and2
corporate income; and to provide for related matters.3
Be it enacted by the Legislature of Louisiana:4
Section 1. R.S. 47:32(D) is hereby enacted to read as follows: 5
ยง32. Rates of tax6
* * *7
D.(1) Notwithstanding the provisions of Subsections (A) and (C) of this8
Section, the rates applicable to each class of taxpayer as set forth in those9
Subsections shall be phased out over ten calendar years as follows:10
(a) For tax years beginning during 2013, ninety percent of the rates11
provided for in those Subsections. 12
(b) For tax years beginning during 2014, eighty percent of the rates13
provided for in those Subsections. 14
(c) For tax years beginning during 2015, seventy percent of the rates15
provided for in those Subsections. 16
(d) For tax years beginning during 2016, sixty percent of the rates17 SB NO. 259
SLS 11RS-641 REENGROSSED
Page 2 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
provided for in those Subsections.1
(e) For tax years beginning during 2017, fifty percent of the rates2
provided for in those Subsections. 3
(f) For tax years beginning during 2018, forty percent of the rates4
provided for in those Subsections. 5
(g) For tax years beginning during 2019, thirty percent of the rates6
provided for in those Subsections. 7
(h) For tax years beginning during 2020, twenty percent of the rates8
provided for in those Subsections.9
(i) For tax years beginning during 2021, ten percent of the rates provided10
for in those Subsections.11
(2) No tax shall be assessed, levied, collected, or paid upon the income12
of an individual or a corporation for any tax year commencing on or after13
January 1, 2022.14
The original instrument was prepared by Jerry J. Guillot. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by Riley Boudreaux.
DIGEST
Marionneaux (SB 259)
Present law provides tax rates on individual and corporate income as follows:
Individual rates
2% of the first $12,500 of net income which is in excess of the credits against net
income provided for in present law.
4%percent on the next $37,500 of net income.
6% on any amount of net income in excess of $50,000 of net income.
Corporate rates
4% on the first $25,000 of net income.
5% on the amount of net income above $25,000 but not in excess of $50,000.
6% on the amount of net income above $50,000 but not in excess of $100,000.
7% on the amount of net income above $100,000 but not in excess of $200,000.
8% on all net income in excess of $200,000.
Proposed law phases-out individual and corporate income tax over 10 calendar years by
reducing the above rates 10% per calendar year, beginning with calendar year 2013 and
ending in calendar year 2022, when no individual or corporate income tax would be due.
For tax years beginning in 2013, tax would be assessed at 90% of the rates above; for tax
years beginning in 2014, 80%; 2015, 70%, etc.
Effective August 15, 2011. SB NO. 259
SLS 11RS-641 REENGROSSED
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(Adds R.S. 47:32(D))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the engrossed bill.
1. Changes the bill from a 4-year phase out of individual and corporate income
tax beginning in 2011 and ending in 2015, when no tax would be due to the
10-year phase out described above.