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Bill > HB402
LA HB402
Authorizes an income tax deduction for veterans with certain disabilities (EG -$11,300,000 GF RV See Note)
summary
Introduced
04/03/2025
04/03/2025
In Committee
05/20/2025
05/20/2025
Crossed Over
05/19/2025
05/19/2025
Passed
Dead
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT To enact R.S. 47:293(9)(a)(xxvii) and 297.26, relative to income tax; to authorize an income tax deduction for veterans with certain service-connected disabilities; to provide for the amount of the deduction; to provide for certain requirements and limitations; to authorize the promulgation of rules and regulations; to provide for applicability; to provide for an effective date; and to provide for related matters.
AI Summary
This bill creates a new income tax deduction for Louisiana veterans with service-connected disabilities, specifically those who have been rated at 50% disability or higher by the United States Department of Veterans Affairs. The deduction will be equal to the standard deduction for single individuals, which means qualifying veterans can reduce their taxable income by a significant amount. To claim the deduction, veterans must maintain and be prepared to provide documentation verifying their disability rating if requested by the Department of Revenue. The Department of Revenue is authorized to create administrative rules for implementing this deduction. The bill, named the "Tax Cut For Our Veterans Act," will become effective and apply to all taxable periods beginning on or after January 1, 2026. By offering this tax relief, the legislation aims to provide financial support to veterans who have been disabled during their military service, recognizing their sacrifices and helping to ease their economic burden.
Committee Categories
Budget and Finance
Sponsors (25)
Alonzo Knox (D)*,
Roy Adams (D),
Beryl Amedée (R),
Tony Bacala (R),
Delisha Boyd (D),
Chad Boyer (R),
Jacob Braud (R),
Robby Carter (D),
Wilford Carter (D),
Tehmi Chassion (D),
Emily Chenevert (R),
Adrian Fisher (D),
Dodie Horton (R),
John Illg (R),
Vanessa LaFleur (D),
Rodney Lyons (D),
Denise Marcelle (D),
Shaun Mena (D),
Pat Moore (D),
Candace Newell (D),
Chuck Owen (R),
Annie Spell (R),
Sylvia Taylor (D),
Joy Walters (D),
John Wyble (R),
Last Action
Senate Committee on Revenue and Fiscal Affairs (14:00:00 6/8/2025 Room E) (on 06/08/2025)
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=HB402&sbi=y |
| Fiscal Note - HB402 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414809 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414443 |
| Analysis - Digest of HB402 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414574 |
| House Committee Amendment #2749 W&M Proposed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414409 |
| Fiscal Note - HB402 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1410898 |
| Analysis - Digest of HB402 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1403292 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1403278 |
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