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HB 337

TAX CREDITS: Establishes an income tax credit for taxpayers who claim a dependent under the age of six (OR -$65,200,000 GF RV See Note)

2025 Regular Session Introduced by Mandie Landry and 1 co-sponsor

Louisiana bill creates income tax credit for parents with children under age six, reducing state revenue by $65.2 million annually.

Read by title, under the rules, referred to the Committee on Ways and Means.
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Bill Summary · HB 337

Legislative bill overview

HB 337 would create a new state income tax credit for Louisiana taxpayers who have dependents under age six. The bill carries a fiscal note indicating a general fund revenue impact of approximately $65.2 million, meaning it would reduce state tax collections by that amount annually.

Why is this important

This proposal directly affects family finances by potentially lowering state income taxes for parents and guardians with young children. The $65.2 million fiscal impact represents a significant budget consideration during state spending deliberations, raising questions about whether the state can absorb this revenue loss or what other programs might be affected.

Potential points of contention

  • Fiscal sustainability: The $65.2 million annual cost is substantial; critics may argue Louisiana cannot afford new tax credits without offsetting cuts or revenue increases elsewhere
  • Credit design details: The bill as filed lacks specifics on credit amount, phase-out thresholds, and income limits—critical details that determine who benefits and how much
  • Equity concerns: Questions about whether targeted credits for families with young children are fair to other taxpayers or whether broader child-support policies would be more efficient
  • Economic effectiveness: Debate over whether tax credits effectively stimulate the economy or primarily benefit middle/upper-income families already planning to have children

Compiled from official sources — confirm details with the bill’s official record.

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