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 33 Engrossed 2016 Second Extraordinary Session Stokes
Abstract: Repeals the deductibility of federal income taxes paid for purposes of calculating
individual and 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 present law provisions that authorize a state deduction for federal income taxes
paid for purposes of calculating corporate and individual income taxes.
Present law provides for the determination of "Louisiana taxable income" of a resident estate or trust
means which includes provisions for the federal income tax deduction.
Proposed law includes provisions for the computation of La. taxable income for a resident estate or
trust, including limitations of deductions for net income, provisions for the federal deduction for
alternative minimum tax, and the authority of the secretary of the Dept. of Revenue to consider
reductions to the federal income tax deduction and the determination of the deductible portion of an
alternative minimum tax.
Applicable for all taxable periods beginning on or after Jan. 1, 2017.
The provisions relative to the deductibility of federal income taxes paid for purposes of calculating
corporate income taxes are effective Jan. 1, 2017, if the proposed amendment of Article VII of the
Constitution of La. contained in the Act which originated as House Bill No. 31 of this 1
st
E.S. of
2016 of the Legislature is adopted at a statewide election and becomes effective.
The provisions relative to the deductibility of federal income taxes paid for purposes of calculating
individual income taxes are effective Jan. 1, 2017, if the proposed amendment of Article VII of the
Constitution of La. contained in the Act which originated as House Bill No. 7 of this 2
nd
E.S. of 2016
of the Legislature is adopted at a statewide election and becomes effective, and if the Act which
originated as House Bill No. 17 of the 2016 Second Extraordinary Session is enacted into law and
becomes effective.
(Amends Act No. 30 of the 2016 1st E.S. of the Legislature)
Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Add effectiveness for proposed law contingent upon enactment of House Bill No. 17 of
the 2016 2nd E.S.