HLS 181ES-57 ORIGINAL
2018 First Extraordinary Session
HOUSE BILL NO. 14
BY REPRESENTATIVE LEGER
TAX CREDITS: Provides relative to the individual income tax credit for taxes paid to other
states (Item #5)
1 AN ACT
2To amend and reenact Section 4 of Act No. 109 of the 2015 Regular Session of the
3 Legislature and to repeal Section 2 of Act No. 109 of the 2015 Regular Session of
4 the Legislature, relative to the individual income tax credit for taxes paid to other
5 states; to repeal provisions for an increase in the credit; to provide for effectiveness;
6 and to provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. Section 4 of Act No. 109 of the 2015 Regular Session of the Legislature
9is hereby amended and reenacted to read as follows:
10 * * *
11 Section 4. The provisions of Sections 1 and 3, 3, and 4 of this Act shall
12 become effective on July 1, 2015, and shall remain effective through June 30, 2018,
13 at which time the provisions of Sections 1 and 3 of this Act shall become null, void,
14 and of no effect. The provisions of Section 4 of this Act shall become effective on
15 July 1, 2015. The provisions of Section 2 of this Act shall become effective on July
16 1, 2018.
17 Section 2. Section 2 of Act No. 109 of the 2015 Regular Session of the Legislature
18is hereby repealed in its entirety.
19 Section 3. This Act shall become effective upon signature by the governor or, if not
20signed by the governor, upon expiration of the time for bills to become law without signature
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 181ES-57 ORIGINAL
HB NO. 14
1by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
2vetoed by the governor and subsequently approved by the legislature, this Act shall become
3effective on the day following such approval.
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 14 Original 2018 First Extraordinary Session Leger
Abstract: Removes the three-year sunset provision of Act No. 109 of the 2015 R.S. relative
to the individual income tax credit for net taxes paid to other states.
Present law authorizes an individual income tax credit in an amount equal to income taxes
paid for the same taxable period to another state on income that is subject to La. tax if the
other state authorizes a similar credit.
Present law authorizes a credit for three years in an amount of the lesser of the actual amount
of tax paid to the other state or the amount of La. income tax that would have been imposed
if the income had been earned in La.
Present law provides for termination (sunset) in three years of those provisions of present
law that require the state to which income taxes were paid to authorize a similar credit and
that the credit amount be the lesser of the actual amount of tax paid to the other state or the
amount of La. income tax that would have been imposed if the income had been earned in
La.
Proposed law repeals the termination provisions thereby providing for permanent
effectiveness of present law.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends §4 of Act No. 109 of 2015 R.S.; Repeals §2 of Act No. 109 of 2015 R.S.)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.