Bill > SB33

This bill establishes the Government Accountability and Innovation for Net Savings (GAINS) tax credit program, which incentivizes state employees to propose cost-saving measures and efficiency improvements for state agencies. Under this program, eligible state employees (full-time workers in certain state retirement systems who are not directly responsible for budgeting) can submit savings proposals to their agency heads. If a proposal is approved and verified by the commissioner of administration as generating measurable cost savings while maintaining performance levels, the employee can receive a tax credit equal to 30% of the annual state savings. The tax credit is distributed over three years (15%, 10%, and 5% respectively) and is subject to an annual cap of $10 million. Employees can claim the credit on their income tax return, with unused credits eligible to be carried forward for up to ten years. The program includes provisions for credit certification, review, potential recapture in cases of fraud, and an appeals process. The tax credit program will be available from the bill's effective date until July 1, 2029, with the commissioner required to establish implementation rules by December 31, 2025.

Budget and Finance

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SB33&sbi=y