HLS 17RS-1105 ORIGINAL
2017 Regular Session
HOUSE BILL NO. 534
BY REPRESENTATIVE JAMES
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
TAX/TAX REBATES: Authorizes a rebate for taxpayers who donate to certain higher
education scholarship and grant programs
1 AN ACT
2To enact Chapter 5 of Subtitle VII of Title 47 of the Louisiana Revised Statutes of 1950, to
3 be comprised of R.S. 47:6361, relative to rebates; to authorize a rebate for certain
4 donations to the Louisiana Office of Student Financial Assistance for certain
5 postsecondary education scholarship and grant programs; to provide for definitions,
6 requirements, and limitations; to provide for the amount, approval, and issuance of
7 rebates; to authorize the promulgation of rules and regulations; to provide for an
8 effective date; and to provide for related matters.
9Be it enacted by the Legislature of Louisiana:
10 Section 1. Chapter 5 of Subtitle VII of Title 47 of the Louisiana Revised Statutes of
111950, comprised of R.S. 47:6361, is hereby enacted to read as follows:
12 CHAPTER 5. REBATES FOR DONATIONS TO POSTSECONDARY
13 EDUCATION SCHOLARSHIP AND GRANT PROGRAMS
14 ยง6361. Rebates; donations to postsecondary education scholarship and grant
15 programs
16 A. There shall be allowed a rebate for donations a taxpayer makes during a
17 taxable year to the Louisiana Office of Student Financial Assistance, hereinafter
18 referred to as LOSFA, which administers the state's postsecondary education
19 scholarship and grants programs. Upon making his donation, the donor shall indicate
20 the duration of time which LOSFA may retain and carryforward his donation. The
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 17RS-1105 ORIGINAL
HB NO. 534
1 time may be indicated as being in perpetuity or for a stated period of time coinciding
2 with a fiscal year of the state of Louisiana, the minimum of which shall not be less
3 than twelve months or one fiscal year, whichever occurs later. In order to qualify for
4 the rebate, the donation shall be made by a taxpayer who files a Louisiana income
5 tax return. The amount of the rebate shall be equal to the actual amount of the
6 taxpayer's donation used by LOSFA for a postsecondary education scholarship or
7 grant, which shall not include administrative costs.
8 B. The rebate may be paid only after certain requirements have been
9 satisfied.
10 C. The Department of Revenue shall provide a standardized format for a
11 receipt to be issued by LOSFA. The Department of Revenue shall require a taxpayer
12 to provide a copy of the receipt when claiming the rebate authorized by this Section.
13 D. Notwithstanding any provision of law to the contrary, the secretary of the
14 Department of Revenue shall make the rebate authorized pursuant to the provisions
15 of this Section from the current collections of the taxes imposed by Title 47 of the
16 Louisiana Revised Statutes of 1950, as amended.
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 534 Original 2017 Regular Session James
Abstract: Authorizes a rebate for donations to the Louisiana Office of Student Financial
Assistance (LOSFA) for a postsecondary education scholarship or grant.
Proposed law authorizes a rebate for donations a taxpayer makes during a taxable year to the
La. Office of Student Financial Assistance (LOSFA), which administers the state's
postsecondary education scholarship and grants programs. The amount of the rebate shall
be equal to the actual amount of the taxpayer's donation used by LOSFA for a postsecondary
education scholarship or grant, which shall not include administrative costs.
Proposed law provides that the rebate may be paid only after certain requirements have been
satisfied.
Proposed law requires the Dept. of Revenue to provide a standardized format for a receipt
to be issued by LOSFA and requires a taxpayer to provide a copy of the receipt when
claiming the rebate authorized by proposed law.
(Adds R.S. 47:6361)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.