House Bill No. by Representative Jackson seeks to extend the Louisiana Youth Jobs Tax Credit program and modify the eligibility criteria for participants. The bill amends R.S. 47:6028(H) and enacts R.S. 47:6028(B)(2)(d)(xiii), which expands the definition of "eligible youth" to include individuals from families with a total annual household income not exceeding three hundred percent of the federal poverty guidelines. This addition aims to broaden access to the program for economically disadvantaged youth, thereby enhancing their opportunities for employment and skill development.

Additionally, the bill extends the program's duration by changing the sunset date from December 31, 2025, to December 31, 2031. This extension allows businesses to continue earning tax credits for hiring eligible youth for an additional six years. The provisions of the bill will apply to taxable periods beginning on or after January 1, 2026, and the act will become effective on that same date. Overall, the bill aims to support youth employment and provide businesses with incentives to hire young individuals, particularly those from lower-income households.

Statutes affected:
HB389 Original: 47:6028(H)