Bill
HB 184
TAX/INCOME-INDIV/EXEMPT: Authorizes an individual income tax deduction for certain amounts a taxpayer receives through hardship distributions from retirement accounts (EN DECREASE GF RV See Note)
2025 Regular Session
Introduced by Roy Adams and 32 co-sponsors
Louisiana allows taxpayers to deduct hardship retirement account withdrawals from state income, reducing tax liability starting January 2026 while decreasing state revenue.
Signed by the Governor. Becomes Act No. 251.