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Bill

SB 44

TAX/TAXATION: Provides relative to the transfer and refundability of certain income tax credits. (gov sig) (RE INCREASE GF RV See Note)

2025 Regular Session Introduced by Jay Luneau

Louisiana SB 44 allows select income tax credits to be transferred between taxpayers and made refundable, reducing state General Fund revenue while expanding access to tax benefits.

Read by title, under the rules, referred to the Committee on Ways and Means.
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Bill Summary · SB 44

Legislative bill overview

SB 44 modifies Louisiana's tax credit system by allowing certain income tax credits to be transferred between taxpayers and/or made refundable (meaning taxpayers can receive payments exceeding their tax liability). The bill passed the Senate with a 22-15 vote and is currently in the House Ways and Means Committee for consideration.

Why is this important

Tax credits are valuable financial benefits, and changing which credits are transferable or refundable directly affects tax revenue and which taxpayers benefit. This can significantly impact state General Fund revenues and alter the effective cost of Louisiana's tax incentive programs, potentially affecting budget capacity for other state services.

Potential points of contention

  • Revenue impact: The bill is flagged as affecting General Fund revenue (likely negative), creating potential fiscal concerns during budget negotiations
  • Equity considerations: Making credits refundable or transferable benefits some taxpayers over others; questions arise about whether this is regressive or creates unintended advantages for certain business structures
  • Implementation complexity: The mechanics of transferring credits between unrelated parties or calculating refunds adds administrative burden to tax collection systems

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

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