Budget & Taxes (Business Taxes)

HB 253 repeals Louisiana's state income tax on individuals, estates, and trusts, eliminating a tax that currently applies to residents and nonresidents earning income within the state. The bill removes specific tax provisions (R.S. 47:32(A), 295(A), 300.1, and 300.2) from the state code, effective January 1, 2027. This change directly affects taxpayers who would otherwise pay state income tax on personal earnings, estates, or trust income. The repeal applies to all taxable years beginning on or after January 1, 2027, with no new tax mechanisms replacing the repealed provisions.