Law and Government Legislation regarding 'Income/personal' in Louisiana

Provides for donations of refunds of individual income tax to the Coastal Protection and Restoration Fund and for donations in addition to such taxes. (gov sig) (EG NO IMPACT GF RV See Note)

Requires individual income tax brackets to be increased each year by the percentage increase in the CPI-U (Consumer Price Index city average for all urban consumers) for the immediately preceding year. (gov sig)

Provides for offset of individual income tax refunds against debts owed emergency ambulance providers. (OR INCREASE GF RV See Note)

Excludes salaries received by public school teachers from gross income for income tax purposes. (gov sig) (OR -$50,000,000 GF RV See Note)

Provides for the payment of interest on overpayments credited to a taxpayer's liability for a succeeding tax year. (EN +$1,700,000 GF RV See Note)

Reduces individual income tax by increasing the lower tax, 4% bracket by $25,000 and reducing the higher tax 6% bracket by $25,000. (gov sig) (OR -$372,000,000 GF RV See Note)

Phases-in over 10 years a 10% credit against individual income taxes for charitable contributions. (gov sig)

Exempts from income tax the retirement benefits of public elementary and secondary teachers from other states. (gov sig) (OR -$3,000,000 GF RV See Note)

Phases-in a deduction over a 10-year period for unreimbursed medical and dental expenses claimed as an itemized deduction for federal income tax purposes. (gov sig) (EG -$380,000 GF RV See Note)

Reduces individual income tax rates and brackets, and restores the deduction for excess federal itemized personal deductions, to the same amounts as provided for prior to the enactment of the Stelly Plan (Act 51 of 2002) except for the reduction in rates for the lowest brackets. (gov sig) (OR -$575,000,000 GF RV See Note)

Authorizes a child care expense income tax credit without regard to whether a federal credit is claimed. (gov sig) (EN -$2,400,000 GF RV See Note)

Exempts $12,000 of annual income of both the husband and wife if both are 65 years of age or older and filing a joint return. (gov sig) (EG -$6,400,000 GF RV See Note)

Authorizes a credit against individual income taxes of up to $10,000 per organ donation for expenses paid by a taxpayer if related to the taxpayer's travel or absence from work related to the taxpayer's or the taxpayer's spouse's living organ donation. (7/1/05) (EN -$124,000 GF RV See Note)

Merges, expands and makes refundable the state income tax credits for child care and dependent care expenses. (gov sig) (OR -$7,000,000 GF RV See Note)

Provides a refundable, state earned income tax credit equal to 20% of the federal credit. (1/1/05) (OR -$236,000,000 GF RV See Note)

Urges and requests the secretary of the Department of Revenue to take all possible actions to ensure that no state individual income tax burden is imposed on Louisiana taxpayers as a result of the federal income tax rebates and requests the governor to include in any Call for a Second Special Session the power to enact legislation to accomplish such purpose, if necessary.

Grants an individual income tax deduction for amounts paid for textbooks and curricula for home-schooled students. (gov sig) (1/1/09) (OR -$235,000 GF RV See Note)

Provides that the deduction from Louisiana income for federal income taxes will not decrease because of federal income tax rebates and credits received in 2008 from the federal Economic Stimulus Act of 2008. (8/15/08) (EG NO IMPACT GF RV See Note)

Provides for a state income tax deduction for certain elementary and secondary education tuition and fees, including an income tax deduction for certain public school and home-school educational expenses. (gov sig) (EN -$23,338,000 GF RV See Note)

Provides for a refundable individual income tax credit for 25% of the amount of ad valorem taxes paid by a homeowner who claims the homestead exemption, not in excess of $250.00 per tax year. (1/1/09) (OR -$58,000,000 GF RV See Note)

Provides that the deduction from Louisiana income for federal income taxes will not decrease because of the federal income tax reductions (i.e. the rebates) in the federal Economic Stimulus Act of 2008. (gov sig) (EG NO IMPACT GF RV See Note)

Phases out the tax on incomes of individuals, estates, and trusts over a 10-year period at 10% per year beginning in 2008, and provides that certain refundable credits are still refundable even if there is little or no individual income tax. (gov sig) (RE -$278,000,000 GF RV See Note)