HLS 243ES-36 ORIGINAL
2024 Third Extraordinary Session
HOUSE BILL NO. 19
BY REPRESENTATIVE GLORIOSO
TAX/INCOME TAX: Requires taxpayers to file a declaration of estimated tax for certain
debts (Items #5 and 11)
1 AN ACT
2To amend and reenact R.S. 47:116(A), relative to income taxes; to provide for the filing of
3 declarations of estimated taxes; to require the filing of a declaration of estimated
4 taxes under certain circumstances; to provide for limitations and requirements; to
5 provide for applicability; to provide for an effective date; and to provide for related
6 matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 47:116(A) is hereby amended and reenacted to read as follows:
9 ยง116. Declarations of estimated income tax by individuals
10 A. Requirement of declaration. Every (1) Except as provided for in
11 Paragraph (2) of this Subsection, every individual whose Louisiana income tax
12 liability can reasonably be expected to exceed two hundred dollars for declarations
13 of estimated tax for income tax years starting prior to January 1, 2001, and one
14 thousand dollars for declarations of estimated tax for income tax years starting on
15 and after January 1, 2001, after deducting all allowable credits, shall be liable for
16 filing of a declaration of estimated tax.
17 (2) Every individual whose estimated Louisiana income tax liability can
18 reasonably be expected to exceed three hundred dollars for tax years beginning on
19 or after January 1, 2025, after deducting all allowable credits, shall be required to file
20 a declaration of estimated tax for any debt forgiven as a result of the settlement of
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CODING: Words in struck through type are deletions from existing law; words underscored
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HB NO. 19
1 a lawsuit or any debt forgiven by a business which has entered into any of the
2 following agreements with the taxpayer:
3 (a) An agreement to finance litigation.
4 (b) To purchase the accounts receivable of a medical provider for the
5 collection of medical debts directly related to the treatment of a plaintiff in a tort
6 claim.
7 (c) Any factoring contract related to accounts receivable of a medical
8 provider for debts associated with the treatment of a plaintiff in a tort claim.
9 * * *
10 Section 2. The provisions of this Act shall be applicable to taxable periods beginning
11on or after January 1, 2025.
12 Section 3. This Act shall become effective upon signature by the governor or, if not
13signed by the governor, upon expiration of the time for bills to become law without signature
14by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
15vetoed by the governor and subsequently approved by the legislature, this Act shall become
16effective on the day following such approval.
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 19 Original 2024 Third Extraordinary Session Glorioso
Abstract: Requires every individual whose estimated La. income tax liability is expected
to exceed $300 after deducting all allowable credits, to file a declaration of estimated
tax for any debt forgiven as a result of a lawsuit or debt forgiven by a business which
has entered into certain agreements with the taxpayer to finance litigation or other
medical related debts resulting from treatment of a plaintiff in a tort claim.
Present law requires every individual whose La. income tax liability is expected to exceed
$1,000 for declarations of estimated tax for income tax years beginning on and after Jan. 1,
2001, after deducting all allowable credits, to file a declaration of estimated tax. Further
authorizes a husband and wife to jointly file a single declaration; however, if a joint
declaration is made but a joint return is not filed for the taxable year, the estimated tax for
the year may be treated as the estimated tax of either the husband or the wife, or may be
divided between them.
Proposed law retains present law but adds a specific requirement that, beginning in tax year
Jan. 1, 2025, every individual whose estimated La. income tax liability is expected to exceed
$300 after deducting all allowable credits is required to file a declaration of estimated tax
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 243ES-36 ORIGINAL
HB NO. 19
for any debt forgiven as a result of the settlement of a lawsuit or any debt forgiven by a
business which has entered into any of the following agreements with the taxpayer:
(1)An agreement to finance litigation.
(2)To purchase the accounts receivable of a medical provider for the collection of
medical debts directly related to the treatment of a plaintiff in a tort claim.
(3)Any factoring contract related to accounts receivable of a medical provider for debts
associated with the treatment of a plaintiff in a tort claim.
Proposed law is applicable to tax periods beginning on or after Jan. 1, 2025.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:116(A))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.