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 9 Original 2018 First Extraordinary Session Leger
Abstract: Changes the middle and upper brackets for purposes of calculating the individual income
tax and reduces the amount of the individual income tax deduction for excess federal
itemized personal deductions from 100% to 50% for all tax years beginning on and after Jan.
1, 2018.
Present law provides for a tax to be assessed, levied, collected and paid upon the taxable income of
an individual at the following rates:
(1)2% on the first $12,500 of net income;
(2)4% on the next $37,500 of net income;
(3)6% on net income in excess of $50,000
Proposed law compresses the middle and upper income tax brackets as follows:
(1)2% on the first $12,500 of net income;
(2)To 4% on the next $12,500 of net income;
(3)To 6% on net income in excess of $25,000
Present law authorizes a deduction from individual income taxes for excess federal itemized personal
deductions. Excess federal itemized personal deductions is defined to mean 100% of the amount
by which the federal itemized personal deductions exceed the amount of federal standard deductions
designated for the filing status used for the taxable period on the individual income tax return.
Proposed law reduces the amount of the deduction from 100% to 50% for all tax years beginning on
and after Jan. 1, 2018.
Applicable for all tax years beginning on and after Jan. 1, 2018.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:32(A) and 293(3)(c); Adds R.S. 47:293(3)(d))