Bill
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.