DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 57 Engrossed 2016 First Extraordinary Session Stokes
Abstract: Removes the three-year sunset provision of Act No. 109 of the 2015 Regular Session of
the Legislature relative to the individual income tax credit for net taxes paid to other states.
Present law authorizes an individual income tax credit in an amount equal to income taxes paid for
the same taxable period to another state on income that is subject to La. tax if the other state
authorizes a similar credit.
Present law authorizes a credit for three years in an amount of the lesser of the actual amount of tax
paid to the other state or the amount of La. income tax that would have been imposed if the income
had been earned in La.
Present law sunsets in three years, those provisions of present law that require the state to which
income taxes were paid to authorize a similar credit and that the credit amount be the lesser of the
actual amount of tax paid to the other state or the amount of La. income tax that would have been
imposed if the income had been earned in La.
Proposed law repeals the three-year sunset provisions of present law thereby making the provisions
of present law permanent.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends §4 of Act No. 109 of the 2015 R.S.; Repeals §2 of Act No. 109 of the 2015 R.S.)