SLS 13RS-492 ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2013
SENATE BILL NO. 194
BY SENATOR WALSWORTH
TAX/TAXATION. Removes income tax on individuals, corporations, and estates and trusts
for any tax year commencing on or after January 1, 2014. (gov sig)
AN ACT1
To enact R.S. 47:32(D), relative to income taxes; to remove the tax on personal and2
corporate income and the income of estates and trusts on a certain date; and to3
provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:32(D) is hereby enacted to read as follows: 6
ยง32. Rates of tax7
* * *8
D.(1) Notwithstanding the provisions of Subsections A and C of this9
Section and the provisions of R.S. 47:300.1, there shall be no tax assessed, levied,10
collected, or paid upon the income of an individual, a corporation, or an estate11
or trust for any tax year commencing on or after January 1, 2014.12
Section 2. This Act shall become effective upon signature by the governor or, if not13
signed by the governor, upon expiration of the time for bills to become law without signature14
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If15
vetoed by the governor and subsequently approved by the legislature, this Act shall become16
effective on the day following such approval.17 SB NO. 194
SLS 13RS-492 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Riley Boudreaux.
DIGEST
Proposed law provides that there be no tax assessed, levied, collected, or paid upon the
income of an individual, a corporation, or an estate or trust for any tax year commencing on
or after January 1, 2014.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds 47:32(D))