HB 1122·LA·house
TAX/INCOME TAX: Establishes a calculation to be used for reducing the rate of the state tax levied on individuals (OR DECREASE GF RV See Note)
In CommitteeFiled Mar 31, 2026
Sponsor: Beau Beaullieu (R)
Latest Action
Read by title, under the rules, referred to the Committee on Ways and Means.
Apr 1, 2026
Summary
The measure requires the Department of Revenue to calculate a reduced personal income tax rate each year based on deposits to the Louisiana Income Tax Elimination Fund compared with total tax revenue. The new rate applies to the next tax year only if the reduction exceeds 0.05 percent, and the rate must be posted online. The change only takes effect if a related constitutional amendment is approved by voters.
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