The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 5 Original 2016 First Extraordinary Session LaFleur
Present law provides an income tax credit against La. income tax for 72% of the amount of the
surcharges, market equalization charges, or assessments paid by a taxpayer for the La. Citizens
Property Insurance Corporation assessments due to hurricanes Katrina and Rita.
Proposed law provides that for all income tax returns and claim forms filed on or after January 1,
2016 and on or before December 31, 2017, regardless of the taxable year to which the tax return or
claim form relates, no credit shall be allowed.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 47:6025(A)(4))