HLS 182ES-51 ORIGINAL
2018 Second Extraordinary Session
HOUSE BILL NO. 24
BY REPRESENTATIVE JAMES
TAX CREDITS: Increases the amount of the earned income tax credit (Item #21)
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 applicability; to provide for an effective date; and to provide for related
5 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 ten percent of the federal earned
11 income tax credit for which the individual is eligible for the taxable year under
12 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, 2018.
16 Section 3. This Act shall become effective upon signature by the governor or, if not
17signed by the governor, upon expiration of the time for bills to become law without signature
18by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
19vetoed by the governor and subsequently approved by the legislature, this Act shall become
20effective on the day following such approval.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 182ES-51 ORIGINAL
HB NO. 24
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 24 Original 2018 Second Extraordinary Session James
Abstract: Increases the amount of the La. earned income tax credit from 3.5% to 10% 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 earned income tax credit authorized under Section 32 of the
Internal Revenue Code.
Proposed law increases the amount of the state credit from 3.5% to 10% of the federal tax
credit.
Applicable to tax years beginning on or after Jan. 1, 2018.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:297.8(A))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.