WeVote
Log In

Bill

Bill

SB 13

TAX EXEMPTIONS: Increases the individual income tax exemption for deposits into the START K12 Program accounts. (8/1/25) (OR DECREASE GF RV See Note)

2025 Regular Session Introduced by Franklin Foil

SB 13 expands Louisiana income tax deductions for START K12 education savings accounts, reducing state revenue while incentivizing household education savings.

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs.
0
WeVote Research Nonpartisan
Bill Summary · SB 13

Legislative bill overview

SB 13 would increase the individual income tax exemption for contributions to Louisiana's START K12 Program, a tax-advantaged savings account for qualified education expenses. The bill effectively allows taxpayers to deduct more of their START K12 contributions from their state income tax liability, reducing the amount of taxable income.

Why is this important

This change directly affects state tax revenue while influencing household savings behavior for education expenses. It makes tax-advantaged education savings more attractive financially, particularly benefiting families with disposable income to invest in education accounts, while creating a corresponding reduction in general fund revenue that must be addressed elsewhere.

Potential points of contention

  • Revenue impact: The fiscal note references potential general fund revenue decrease, creating a tradeoff between education incentives and other state spending priorities
  • Equity concerns: Tax exemptions primarily benefit higher-income households with capacity to save; lower-income families may see limited benefit
  • Program design questions: Whether increased exemption limits align with actual education cost needs or simply expand tax benefits beyond practical utility

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

Sign in to ask a question.