HB 567: TAX/CORP INCOME: Provides for the tax treatment of S corporations and revises other provisions related to corporate income tax (EN DECREASE SD EX See Note) - Louisiana

Senate Floor Bureau Note, #2987, Bass, Adopted → HB567 Act · 4 edits

MODERATE

The bill was reorganized from a Senate floor amendment note into a formal enrolled act, establishing the final legal text for HB 567. This version codifies tax rules for mobile workforce employers, S corporations, and related tax credits, replacing the previous draft text with the enacted statute.

Scope change

The document scope changed from a proposed amendment record to the official enrolled act that will be codified into state law.

TECHNICAL

The document structure was converted from a 'Senate Floor Note' format to a standard 'Enrolled Act' format, including new headers and page numbering.

REQUIREMENT

The mobile workforce employer exemption threshold was changed from 25 days to 30 days, and the withholding requirement was updated to apply to the first 30 days of work instead of the first 25.

ELIGIBILITY

The exemption for nonresident individuals performing work in the state was updated to allow up to 30 days of work instead of 25 days.

DEFINITION

The text for S corporation taxation and exclusions was finalized, defining how income is allocated based on the percentage of shares owned by Louisiana resident individuals.

HB567 Original → Senate Floor Bureau Note, #2987, Bass, Adopted · 1 edit

MINOR

The bill was amended to correct a specific citation error regarding how S corporation losses are handled. The Senate floor note identifies a technical change on page 8, updating a reference from a detailed subparagraph to a broader paragraph to ensure the correct legal provision is cited when excluding S corporation losses from carry-back or carry-over treatment.

TECHNICAL

Corrected a legal citation on page 8, line 11, changing the reference from 'Subparagraph (E)(2)(a)' to 'Paragraph (E)(2)' to accurately reflect the relevant section of the tax code.

HB567 Enrolled → HB567 Original · 3 edits

MINOR

The bill text was reformatted from an 'Enrolled' version to an 'Original' version, correcting a duplicate word in the mobile workforce exemption threshold and updating the bill's title to better reflect its content. The substantive policy provisions regarding tax credits, S corporation exclusions, and mobile workforce rules remain unchanged.

Scope change

The scope of the bill itself did not change; only the formatting and title were adjusted to align with the original legislative draft.

TECHNICAL

Corrected a typo in the mobile workforce exemption where the word 'Except' was duplicated and the threshold was inconsistent between 'twenty-five' and 'thirty' days.

Updated the bill title to more accurately describe the provisions regarding corporate income tax credits, deductions, and S corporation treatment.

Reorganized the document structure to match the 'Original' bill format, including page numbering and header information.

HB567 Reengrossed → HB567 Enrolled · 4 edits · Jun 20, 2025

MODERATE

The bill was finalized as an enrolled version, confirming its passage into law. Substantively, the text includes a significant formatting correction where a '25-day' threshold was changed to a '30-day' threshold for mobile workforce tax exemptions. Additionally, the bill reorganizes the legislative text to explicitly repeal the S corporation income exclusion and establishes new rules for taxing S corporations and their qualified subsidiaries at the corporate level.

Scope change

The bill's scope remains focused on corporate income tax, mobile workforce employment rules, and S corporation taxation, but the applicability of the mobile workforce exemption was expanded by increasing the daily threshold.

REQUIREMENT

The mobile workforce employer exemption threshold was increased from 25 days to 30 days in a calendar year before tax withholding is required.

New provisions were added to tax S corporations and qualified Subchapter S subsidiaries as if they were C corporations.

EXEMPTIONS

The specific exclusion allowing S corporations to avoid paying state income tax was repealed.

TECHNICAL

The bill text was reorganized to clearly list repealed statutes and update the title to reflect the removal of the S corporation exclusion.

HB567 Engrossed → HB567 Reengrossed · 1 edit · Jun 8, 2025

MINOR

The bill was reengrossed to correct a minor formatting error in the title, removing an accidental extra space before the word 'S' in the description of tax treatment for S corporations. This change ensures the legislative text is clean and consistent but does not alter any tax rules, dates, or financial amounts.

TECHNICAL

Corrected a spacing error in the bill title and summary, changing 'taxed as an S corporations' to 'taxed as S corporations'.

TAX/CORP INCOME: Provides for the tax treatment of S corporations and revises other provisions related to corporate income tax (EN DECREASE SD EX See Note)

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