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 95 Reengrossed 2016 First Extraordinary Session Leger
Abstract: Repeals 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 present law provisions that authorize a 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. 31 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 House Floor Amendments to the engrossed bill:
1. Restore provisions of present law relative to the deductibility of federal income taxes
paid for purposes of calculating individual income tax.