The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Danielle B. Clapinski.
DIGEST
SB 226 Original 2023 Regular Session Luneau
Present law provides for an individual income tax credit based on the taxpayer's federal earned
income tax credit authorized under the Internal Revenue Code. The amount of the credit is 5% of
the amount of the taxpayer's federal earned income tax credit through December 31, 2025. Beginning
January 1, 2026, the amount of the credit is 3.5% of the amount of the taxpayer's federal earned
income tax credit.
Proposed law increases the amount of the state credit from 5% to 10% of the amount of the
taxpayer's federal tax credit and eliminates the mandatory decrease in the amount of the credit in
2026, thereby making the 10% permanent.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:297.8(A))