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SB 240

TAX/INCOME/PERSONAL: Provides for an additional standard deduction for taxpayers sixty-five years of age and older. (1/1/26) (OR -$72,500,000 GF RV See Note)

2025 Regular Session Introduced by Blake Miguez

Louisiana SB 240 grants additional standard tax deductions to residents age 65+, reducing state revenue by $72.5 million annually starting 2026.

Read second time by title and referred to the Committee on Revenue and Fiscal Affairs.
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WeVote Research Nonpartisan
Bill Summary · SB 240

Legislative bill overview

SB 240 creates an additional standard deduction for Louisiana taxpayers aged 65 and older, effective January 1, 2026. This tax reduction is estimated to reduce state general fund revenue by $72.5 million annually.

Why is this important

Senior citizens often live on fixed incomes and face higher healthcare and living costs, making tax relief particularly impactful for this demographic. However, the $72.5 million revenue reduction must be addressed through other budget cuts, tax increases, or reduced services—a significant fiscal consideration for the state.

Potential points of contention

  • Revenue impact: The substantial $72.5 million annual cost raises questions about whether the state can absorb this without affecting education, healthcare, or infrastructure funding
  • Targeting specificity: Unclear whether the deduction targets low-income seniors or applies broadly to all seniors regardless of financial need
  • Fiscal sustainability: No apparent offset mechanism identified, raising concerns about long-term budgetary effects and whether this is sustainable tax policy

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

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