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LA HB389
LA HB389Extends the duration of the La. Youth Jobs Tax Credit program and provides relative to eligibility factors associated with the program (OR DECREASE GF RV See Note)
summary
Introduced
04/03/2025
04/03/2025
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. 47:6028(H) and to enact R.S. 47:6028(B)(2)(d)(xiii), relative to income tax; to provide with respect to a tax credit for businesses that employ certain eligible youth; to provide for the definition of "eligible youth" for purposes of the tax credit program; to extend the duration of the program; to provide for applicability; to provide an effective date; and to provide for related matters.
AI Summary
This bill extends the Louisiana Youth Jobs Tax Credit Program by modifying two key aspects of the existing law. First, it expands the definition of "eligible youth" to include individuals from families with a total annual household income at or below three hundred percent of the federal poverty guidelines, which broadens the potential pool of young people who can benefit from the program. Second, the bill extends the program's sunset date from December 31, 2025, to December 31, 2031, effectively giving businesses six more years to claim tax credits for employing eligible youth. The tax credit is designed to incentivize businesses to hire and provide employment opportunities to young people who meet specific criteria, with the goal of supporting youth employment and economic development in Louisiana. The bill will become effective on January 1, 2026, and will apply to taxable periods beginning on or after that date, giving businesses and potential youth employees clear guidance on the program's continued availability.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Committee on Ways & Means (10:00:00 5/27/2025 Room 6) (on 05/27/2025)
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=HB389&sbi=y |
| Fiscal Note - HB389 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1408749 |
| Analysis - Digest of HB389 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1403146 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1403133 |
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