This bill amends Louisiana's tax code to increase the deductions available for individual income taxes related to educational expenses. Specifically, it raises the maximum deduction for tuition and fees paid for nonpublic elementary and secondary schools, as well as for home-schooled children, from five thousand dollars to six thousand dollars per child. Additionally, the bill increases the deduction for certain educational expenses related to quality public education, also raising the limit to six thousand dollars per student.

The changes will apply to amounts paid on or after January 1, 2024, and the bill will take effect upon the governor's signature or after the designated period for bills to become law without a signature. The adjustments aim to provide greater financial relief to families investing in their children's education, whether through private schooling or home-schooling.

Statutes affected:
HB32 Original: 47:10(A), 47:11(A), 47:12(B)(1)
HB32 Engrossed: 47:10(A), 47:11(A), 47:12(B)(1)
HB32 Enrolled: 47:10(A), 47:11(A), 47:12(B)(1)
HB32 Act 423: 47:10(A), 47:11(A), 47:12(B)(1)