TAX EXEMPTIONS: Increases the individual income tax exemption for deposits into the START K12 Program accounts. (8/1/25) (OR DECREASE GF RV See Note)

SB 13 increases Louisiana's individual income tax exemption for deposits into the START K12 Program education savings accounts. For tax years beginning in 2026, it raises the annual exemption to $2,400 per beneficiary for single filers and $4,800 for joint filers - doubling the current limits. Unused exemption amounts roll over to future years, allowing taxpayers to carry forward unused portions. This bill directly affects Louisiana residents who contribute to START K12 accounts for K-12 education expenses, effective for tax years starting January 1, 2026.