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 79 Engrossed 2016 First Extraordinary Session Ivey
Abstract: Repeals statutory provisions relative to the deductibility of federal income taxes paid for
purposes of calculating corporate income taxes.
Present constitution and present law authorize a state deduction for federal income taxes paid for
purposes of computing income taxes for the same period.
Proposed law repeals the state deduction for federal income taxes paid for purposes of calculating
corporate income taxes.
Applicable for all taxable periods beginning on or after Jan. 1, 2017.
Effective if and when House Bill No. 78 of the 1st E.S. of 2016 is enacted and becomes effective.
(Amends R.S. 47:241 and 287.69; Repeals R.S. 47:55(5), 287.79, 287.83, 287.85, and
287.442(B)(1))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Delete the repeal of the present law statutory provisions relative to the deductibility of
federal income taxes paid for purposes of calculating individual income tax.