HLS 21RS-1036 ORIGINAL
2021 Regular Session
HOUSE BILL NO. 672
BY REPRESENTATIVES RISER AND CREWS AND SENATOR MILLIGAN
TAX CREDITS: Establishes an income tax credit for employers who host blood drives for
employees
1 AN ACT
2To enact R.S. 47:6042, relative to income tax; to establish an income tax credit for certain
3 businesses which sponsor blood drives; to provide for the amount of the credit; to
4 provide for definitions; to provide for requirements and limitations; to provide for
5 the termination of the credit; to provide for applicability; to provide for an effective
6 date; and to provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 47:6042 is hereby enacted to read as follows:
9 ยง6042. Tax credit; blood drives organized by nonprofit blood bank organizations
10 A.(1) There shall be allowed an income tax credit for each verified donation
11 of blood by an employee at a blood drive organized by a nonprofit blood bank
12 organization in coordination with the employee's employer. The taxpayer claiming
13 the credit shall be the employer of the employee participating in the blood drive. The
14 amount of the credit shall equal twenty dollars for each verified donation of blood
15 by an employee of the taxpayer claiming the credit. In order for the employee's
16 donation of blood during the blood drive to qualify for the credit, the blood drive
17 shall be held on a specific date at a specific time, be organized by a nonprofit blood
18 bank organization in coordination with an employer or a group of employers, and be
19 closed to non-employees.
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CODING: Words in struck through type are deletions from existing law; words underscored
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HB NO. 672
1 (2) For purposes of this Section, "verified donation of blood" shall mean a
2 voluntary and uncompensated donation of whole blood or specific components of
3 blood by an employee documented by an employer and drawn for use by a nonprofit
4 blood bank organization as part of a blood drive.
5 B. The maximum amount of credits that may be granted pursuant to the
6 provisions of this Section shall be five hundred thousand dollars per year. Credits
7 shall be granted on a first-come, first-served basis and if the total amount of credits
8 applied for in one year exceeds the maximum amount of credits allowed for that
9 year, the excess shall be treated as having been applied for on the first day of the
10 subsequent year. Furthermore, if the amount of the credit authorized pursuant to the
11 provisions of this Section exceeds the taxpayer's tax liability for that year, the excess
12 amount of the credit may be carried forward as a credit against subsequent income
13 tax liability for a period not to exceed five years.
14 C. No credits shall be granted pursuant to this Section on or after January 1,
15 2027.
16 Section 2. The provisions of this Act shall be applicable to tax years beginning on
17or after January 1, 2022.
18 Section 3. This Act shall become effective on January 1, 2022.
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 672 Original 2021 Regular Session Riser
Abstract: Establishes a $20 income tax credit for each donation of blood by an employee
at a blood drive organized by a nonprofit blood bank in coordination with the
employee's employer.
Proposed law establishes an income tax credit for each verified donation of blood by an
employee at a blood drive organized by a nonprofit blood bank organization in coordination
with the employee's employer. Requires the taxpayer claiming the credit to be the employer
of the employee participating in the blood drive.
Proposed law sets the amount of the credit at $20 for each verified donation of blood by an
employee and limits the maximum amount of credits that may be granted to $500,000 per
year. Further requires credits to be granted on a first-come, first-served basis and if the total
amount of credits applied for in one year exceeds the maximum amount of credits allowed
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 21RS-1036 ORIGINAL
HB NO. 672
for that year, the excess shall be treated as having been applied for on the first day of the
subsequent year. If the amount of the credit exceeds the taxpayer's tax liability, the excess
amount of the credit may be carried forward as a credit against subsequent income tax
liability for a period not to exceed five years.
Proposed law requires that in order for the employee's donation of blood to qualify for the
credit, the blood drive shall be held on a specific date at a specific time and shall be closed
to non-employees.
Proposed law defines a "verified donation of blood" as a voluntary and uncompensated
donation of whole blood or specific components of blood by an employee documented by
an employer and drawn for use by a nonprofit blood bank organization as part of a blood
drive.
Proposed law prohibits credits from being granted on or after Jan. 1, 2027.
Proposed law applicable to tax years beginning on or after Jan. 1, 2022.
Effective Jan. 1, 2022.
(Adds R.S. 47:6042)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.