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 503 Original 2021 Regular Session Cormier
Abstract: Authorizes a refundable individual income tax credit for La. taxpayers residing in parish
that has bridge constructed over a man-made or natural waterway that requires the payment
of a toll to travel across.
Proposed law authorizes a refundable individual income tax credit for La. taxpayers residing in a
parish that has a bridge constructed over a man-made or natural waterway that requires the payment
of a toll to travel across.
Proposed law provides the amount of the tax credit shall equal the total amount of money the
taxpayer spent on toll payments to travel across the bridge during the taxable year.
Proposed law requires the taxpayer claiming the credit to maintain all records necessary to verify the
amount of tolls paid during the taxable year and if requested, to provide the records to the Dept. of
Revenue when filing the taxpayer's tax return.
Proposed law authorizes the promulgation of rules in accordance with present law (Administrative
Procedure Act) to implement the provisions of proposed law including rules related to the
submission of documentation when claiming the credit. Further provides no credit shall be granted
until administrative rules have been adopted.
Proposed law provides that if the amount of the credit exceeds the taxpayer's tax liability for the
taxable year, the excess credit amount shall constitute an overpayment and the secretary shall refund
the overpayment from the tax collections imposed in present law.
(Adds R.S. 47:6042)