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Bill > HB133
LA HB133
LA HB133Increases the amount of the earned income tax credit (OR -$64,600,000 GF RV See Note)
summary
Introduced
03/26/2025
03/26/2025
In Committee
04/14/2025
04/14/2025
Crossed Over
Passed
Dead
06/12/2025
06/12/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 47:297.8(A)(2), relative to individual income tax; to provide for the earned income tax credit; to provide for the amount of the credit; to provide for applicability; to provide for an effective date; and to provide for related matters.
AI Summary
This bill increases the Louisiana state earned income tax credit (EITC) from five percent to ten percent of the federal EITC for eligible individuals. The EITC is a tax credit designed to provide financial support to low to moderate-income working individuals and families by reducing their tax burden. The change will apply to tax years beginning on or after January 1, 2026, and will remain in effect through December 31, 2030. By doubling the state-level credit, the bill aims to provide additional financial relief to working taxpayers who qualify for the federal earned income tax credit, potentially helping to offset living expenses and support economic stability for lower-income workers.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Committee on Ways & Means (09:00:00 5/5/2025 Room 6) (on 05/05/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB133&sbi=y |
| Fiscal Note - HB133 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1403392 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1398856 |
| Analysis - Digest of HB133 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1398857 |
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