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)