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HB 667

TAX/INCOME TAX: Reduces the rate of the individual income tax and authorizes an income tax deduction for taxpayers sixty-five years of age and older (RE -$377,900,000 GF RV See Note)

2025 Regular Session Introduced by Dennis Bamburg and 8 co-sponsors

HB 667 cuts Louisiana income tax rates and adds a deduction for seniors 65+, reducing state revenue by $378 million annually while seeking to retain older residents.

Read second time by title and referred to the Committee on Revenue and Fiscal Affairs.
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Bill Summary · HB 667

Legislative bill overview

HB 667 reduces Louisiana's individual income tax rate and creates a new income tax deduction specifically for taxpayers aged 65 and older. The bill passed the House with strong bipartisan support (86-13) and is currently under Senate committee review.

Why is this important

Income tax changes directly affect state revenue and taxpayer finances. This bill reduces state general fund revenue by approximately $377.9 million annually, which means less money available for education, healthcare, infrastructure, and other state services—unless offset by spending cuts or other revenue sources. The senior-specific deduction may incentivize older residents to remain in Louisiana or attract retirees, but could also create tax code complexity and fairness questions between age groups.

Potential points of contention

  • Fiscal impact: A $378 million annual revenue loss is substantial for a state budget; critics will question whether services can be maintained or if other taxes/cuts are needed
  • Equity concerns: Creating tax benefits tied to age may be viewed as unfairly advantaging one demographic group over working-age adults and younger people
  • Sustainability: Without accompanying revenue measures, the deduction's long-term cost could grow as the senior population increases, creating future budget pressures

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

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