This bill amends various sections of Louisiana's revenue and finance laws, focusing on taxation, including sales and use taxes, individual income taxes, and tax credits. It introduces a new provision exempting certain sales and use taxes levied by any taxing authority from the general tax exemption for associations. The bill establishes a flat income tax rate of three percent for individuals earning over fifty thousand dollars and increases the annual retirement income exemption for individuals aged sixty-five and older from six thousand to twelve thousand dollars, with future adjustments linked to the Consumer Price Index. Additionally, it repeals several existing tax provisions, including the Louisiana Tax Free Shopping Program, and introduces a standard deduction for taxpayers, which will be adjusted annually for inflation starting in 2026.

The legislation also modifies definitions and exclusions related to sales and use taxes, clarifying terms such as "retail sale," "sales price," and "tangible personal property." It specifies exemptions for certain categories, including food items, agricultural inputs, and machinery used in manufacturing. The bill introduces new tax rates for tangible personal property and establishes a framework for tax exemptions for qualified data centers, requiring job creation and capital investment commitments. Furthermore, it sets caps on various tax credits and mandates a review of their economic benefits. Overall, the bill aims to streamline Louisiana's tax code, enhance compliance, and provide targeted tax relief for individuals and businesses.

Statutes affected:
HB10 Original: 33:4169(D)
HB10 Engrossed: 33:4169(D), 47:301(3), 47:1(A), 47:302(D), 47:303(B), 47:1(B)(5), 47:304(A), 47:305(A), 47:10(F), 47:20(A), 47:50(B), 47:72(C), 47:73(B), 47:5(B), 47:318(A), 47:321(A), 47:331(A), 47:2(C)(2), 47:4(B)(6), 47:6(B), 47:8(B), 47:13(A), 47:8(B)(1), 47:6001(A), 47:301(4), 47:1(B)(2), 47:302(F), 47:305(D)(3), 47:50(E), 47:73(A)(5), 47:306(A)(3), 47:321(E), 47:1(E), 47:331(F), 47:2(A)(2), 47:4(B)(4), 47:5(A)(1), 47:18(A)(3), 47:23(C)(1), 47:1(B), 47:340(G)(6)
HB10 Reengrossed: 33:4169(D), 47:301(3), 47:1(A), 47:302(D), 47:303(B), 47:1(B)(5), 47:304(A), 47:305(A), 47:10(F), 47:20(A), 47:50(B), 47:72(C), 47:73(B), 47:5(B), 47:318(A), 47:321(A), 47:331(A), 47:2(C)(2), 47:4(B)(6), 47:6(B), 47:8(B), 47:13(A), 47:8(B)(1), 47:6001(A), 47:301(4), 47:1(B)(2), 47:302(F), 47:305(D)(3), 47:50(E), 47:73(A)(5), 47:306(A)(3), 47:321(E), 47:1(E), 47:331(F), 47:2(A)(2), 47:4(B)(4), 47:5(A)(1), 47:18(A)(3), 47:23(C)(1), 47:1(B), 47:340(G)(6)
HB10 Enrolled: 51:1787(L), 47:32(B), 47:293(9), 47:20(A)(2), 47:21(A)(2), 47:301(4), 47:1(B)(2), 47:302(F), 47:305(D)(3), 47:50(E), 47:73(A)(5), 47:306(A)(6), 47:321(E), 47:1(F), 47:331(F), 47:2(A)(2), 47:4(B)(4), 47:5(A)(1), 47:18(A)(3), 47:23(C)(1), 47:1(B), 47:340(G)(6), 47:6006(F)
HB10 Act 11: 51:1787(L), 47:32(B), 47:293(9), 47:20(A)(2), 47:21(A)(2), 47:301(4), 47:1(B)(2), 47:302(F), 47:305(D)(3), 47:50(E), 47:73(A)(5), 47:306(A)(6), 47:321(E), 47:1(F), 47:331(F), 47:2(A)(2), 47:4(B)(4), 47:5(A)(1), 47:18(A)(3), 47:23(C)(1), 47:1(B), 47:340(G)(6), 47:6006(F)