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 637 Original 2023 Regular Session Mincey
Abstract: Establishes a non-refundable income or corporation franchise tax credit for the
employment of eligible students as interns in work-based programs designed to incorporate
on-the-job training in high-wage, high-demand industry sectors.
Proposed law provides for the establishment of a non-refundable income or corporation franchise
tax credit for a company that employs eligible students as interns in a work-based program designed
to educate the student in a classroom setting as well as incorporate on-the-job training in high-wage,
high-demand industry sectors. The amount of the credit shall equal the amount paid per internship
per calendar year up to a maximum amount of $2,500 per intern.
Proposed law defines an "eligible student" as a full-time student attending a public secondary school
in La. who is no less than 16 years of age at the time of the commencement of an internship.
Proposed law provides that if the tax credit earned for the taxable period exceeds the amount of taxes
due, the taxpayer may carry forward the unused portion as a credit for future tax liabilities for up to
five years. Proposed law prohibits the amount of the tax credit applied by a taxpayer in a taxable
period to exceed the amount of taxes due from the taxpayer for that taxable period.
Proposed law provides for application of the tax credit on tax returns as well as the recovery of
credits disallowed by the Dept. of Revenue.
Proposed law prohibits credits from being granted for the employment of eligible students on or after
Dec. 31, 2029.
Proposed law is applicable to taxable years beginning on or after Jan. 1, 2024.
Effective Jan. 1, 2024.
(Adds R.S. 47:6034)