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 162 Original 2023 Regular Session Willard
Abstract: Increases the amount of the earned income tax credit from 5% to 10% through Dec. 31,
2030.
Present law provides for an individual income tax credit in an amount equal to 5% of the amount of
the taxpayer's federal earned income tax credit authorized under Section 32 of the Internal Revenue
Code for tax years beginning Jan. 1, 2019, through Dec. 31, 2030.
Proposed law increases the amount of the state credit from 5% to 10% of the amount of the taxpayers
federal tax credit through Dec. 31, 2030.
Present law provides that beginning Jan. 1, 2031, the amount of the earned income tax credit shall
be 3.5% of the federal earned income tax credit.
Proposed law retains present law.
Proposed law is applicable to taxable years beginning on or after Jan. 1, 2023.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:297.8(A)(2))