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 7 Original 2016 First Extraordinary Session Jackson
Abstract: Increases the amount of the corporate income exclusion for dividend income received
from certain banking institutions from 72% to 100% of the amount of dividend income.
Present law excludes from corporate income 72% of the amount of dividend income received from
certain banking institutions.
Proposed law increases the exclusion from 72% of the amount of dividend income to 100% of
dividend income.
(Amends R.S. 47:287.71(B)(6))