Establishes an income tax credit following the delivery of a stillborn child (EN -$726,000 GF RV See Note)
Impact
The bill's implementation will have a significant impact on state tax laws by introducing provisions specifically addressing the emotional and financial burdens faced by parents of stillborn children. By providing a tax credit, the state acknowledges the loss experienced by these families and seeks to alleviate some of the financial pressure they may encounter. This legislation aligns the state's tax code with the emotional realities of these families, enhancing support mechanisms within the existing framework of tax benefits.
Summary
House Bill 146 establishes a tax credit for Louisiana taxpayers who experience the delivery of a stillborn child. The credit is set at two thousand dollars and is available for claiming in the year of the stillbirth. To qualify, the stillborn child must meet specific criteria, including gestational age and the requirement for a spontaneous fetal death certificate. This legislation aims to provide financial support to families who endure the loss of a child under these tragic circumstances.
Sentiment
The general sentiment surrounding HB 146 appears to be supportive, particularly from groups that advocate for parental rights and family support measures. Legislators have expressed compassion for families who experience stillbirth and recognize the importance of providing tangible support. The absence of any recorded opposition in voting suggests a consensus on the humanitarian rationale behind the bill, which resonates positively across various sectors of society.
Contention
While HB 146 does not appear to have faced significant opposition, points of contention could arise regarding the parameters of the tax credit, such as its eligibility criteria and the administrative processes for claiming the credit. Some may question whether the set amount adequately reflects the emotional and financial impact of a stillbirth. Nevertheless, the bill remains a foundational step towards enhancing support for affected families and may lead to discussions on further provisions or implications for related policies.