Senate Bill No. by Senator Miguez proposes to enact a new provision in Louisiana's tax law that provides an additional standard deduction for taxpayers who are sixty-five years of age or older. Specifically, the bill introduces a new section, R.S. 47:294(C), which states that for tax years beginning on or after January 1, 2026, eligible individuals will receive an additional standard deduction equal to the amount applicable for a single individual under the existing standard deduction provisions.

The bill also clarifies that the current standard deduction for single filers is set at $12,500, with future adjustments based on the Consumer Price Index. This additional deduction aims to provide financial relief to senior taxpayers, and the provisions of the bill will take effect on January 1, 2026, applying to taxable periods starting from that date.