SLS 162ES-17 ENGROSSED
2016 Second Extraordinary Session
SENATE BILL NO. 7
BY SENATOR MORRELL
TAX/TAXATION. Provides for increases to the earned income tax credit. (See Act)(Item
No. 47)
1 AN ACT
2 To amend and reenact R.S. 47:297.8(A), relative to refundable tax credits; to increase the
3 earned income tax credit; to provide for effectiveness; and to provide for related
4 matters.
5 Be 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. This Act shall become effective for tax periods beginning on and after
14 January 1, 2016.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 7
SLS 162ES-17 ENGROSSED
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 7 Engrossed 2016 Second Extraordinary Session Morrell
Present law provides for a state earned income tax credit that is 3.5% of the federal earned
income tax credit.
Proposed law increases the state earned income tax credit that is 5% of the federal earned
income tax credit.
Effective for tax periods beginning on and after January 1, 2016.
(Amends R.S. 47:297.8(A))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.