The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Senate Legislative Services. The keyword,
summary, 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)]
DIGEST
SB 149 Original 2025 Regular Session Seabaugh
Present law provides for a tax credit against individual income tax based on the taxpayer's federal
earned income tax credit authorized in 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, 2030.
Beginning January 1, 2031, the amount of the credit is 3.5% of the amount of the taxpayer's federal
earned income tax credit.
Proposed law repeals the earned income tax credit for taxable periods beginning on or after January
1, 2026.
Effective on January 1, 2026.
(Repeals R.S. 47:297.8)