HLS 17RS-458 ORIGINAL
2017 Regular Session
HOUSE BILL NO. 175
BY REPRESENTATIVE JONES
TAX/INCOME-INDIV/CREDIT: Increases the amount of the earned income tax credit
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 the applicability of the tax credit; to provide for effectiveness; and to
5 provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 47:297.8(A) is hereby amended and reenacted to read as follows:
8 ยง297.8. Earned income tax credit
9 A. There shall be a credit against the tax imposed by this Chapter for
10 individuals in an amount equal to three and one-half seven percent of the federal
11 earned income tax credit for which the individual is eligible for the taxable year
12 under Section 32 of the Internal Revenue Code.
13 * * *
14 Section 2. The provisions of this Act shall be applicable for taxable years beginning
15on and after January 1, 2017.
16 Section 3. This Act shall take effect and become operative if and when the Act which
17originated as House Bill No. of this 2017 Regular Session of the Legislature is enacted
18and becomes effective.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 17RS-458 ORIGINAL
HB NO. 175
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 175 Original 2017 Regular Session Jones
Abstract: For purposes of the individual income tax, increases the amount of the La. earned
income tax credit from 3.5% to 7% 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 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 7% of the federal tax
credit.
Applicable to taxable years beginning on and after January 1, 2017.
Effective if and when House Bill No. of this 2017 R.S. is enacted and becomes effective.
(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.