House Bill No. [insert bill number] establishes the Instructor Share Rebate Program, which provides a tax rebate for employers who allow their employees to serve as instructors in the Louisiana Community and Technical College System (LCTCS). The rebate amount is set at 50% of the costs incurred by employers for this purpose. For the calendar year 2027, the maximum rebate cap is established at $1 million, with provisions for potential increases in subsequent years based on the percentage of the previous year's cap that was claimed, though the total cap cannot exceed $5.5 million in any year.

The bill outlines the application process for the rebate, requiring employers to apply between January 1 and March 1 of each year, with approvals granted on a first-come, first-served basis. If applications exceed available funds on a given day, rebates will be allocated on a pro rata basis. Additionally, the Department of Revenue is tasked with determining eligibility, processing applications, and recovering any rebates that are later disallowed. The program is set to take effect on January 1, 2027, and will not apply to costs incurred prior to January 1, 2026.