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LA SB134
LA SB134Authorizes a tax credit for donations to certain public schools. (1/1/24) (RE -$10,000,000 GF RV See Note)
summary
Introduced
03/30/2023
03/30/2023
In Committee
05/25/2023
05/25/2023
Crossed Over
Passed
Dead
06/08/2023
06/08/2023
Introduced Session
2023 Regular Session
Bill Summary
Authorizes a tax credit for donations to certain public schools. (1/1/24) (RE -$10,000,000 GF RV See Note)
AI Summary
This bill authorizes a tax credit for donations made by taxpayers to certain public schools in Louisiana. The credit is equal to 95% of the donation if the school received a "D" or "F" letter grade under the Louisiana School and District Accountability System. No credit is available for donations to schools with "A", "B", or "C" grades. The bill sets a $10 million annual cap on the total amount of credits that can be granted and requires the Department of Revenue to distribute the credits on a first-come, first-served basis. The credit program will be in effect for taxable periods beginning before January 1, 2028.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read by title and returned to the Calendar, subject to call. (on 05/31/2023)
Official Document
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