HLS 161ES-234 ORIGINAL
2016 First Extraordinary Session
HOUSE BILL NO. 97
BY REPRESENTATIVE LYONS
TAX CREDITS: Increases the amount of the earned income tax credit (Item #26)
1 AN ACT
2To amend and reenact R.S. 47:297.8(A), relative to individual income tax; to provide with
3 respect to the earned income tax credit; to increase the amount of the tax credit; to
4 provide for applicability of the tax credit; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:297.8(A) is hereby amended and reenacted to read as follows:
7 ยง297.8. Earned income tax credit
8 A. There shall be a credit against the tax imposed by this Chapter for
9 individuals in an amount equal to three and one-half five percent of the federal
10 earned income tax credit for which the individual is eligible for the taxable year
11 under Section 32 of the Internal Revenue Code.
12 * * *
13 Section 2. The provisions of this Act shall be applicable for taxable years beginning
14on and after January 1, 2016.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 161ES-234 ORIGINAL
HB NO. 97
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 97 Original 2016 First Extraordinary Session Lyons
Abstract: For purposes of individual income tax, increases the amount of the La. earned
income tax credit from 3.5% to 5% of the amount of the taxpayer's federal earned
income tax credit.
Present law provides for an individual income tax credit in an amount equal to 3.5% of the
amount of the taxpayer's federal earned income tax credit authorized under Section 32 of the
Internal Revenue Code.
Proposed law increases the amount of the state tax credit from 3.5% to 5% of the federal tax
credit.
Applicable for taxable years beginning on and after January 1, 2016.
(Amends R.S. 47:297.8(A))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.