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Bill Analysis

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HB 253 Original 2026 Regular Session McCormick

Abstract: Repeals the state tax levied on the net income of individuals and estates and trusts.

Present law imposes a tax on the net income of individuals and estates and trusts at a rate of 3% and provides for the administration of the tax.

Proposed law repeals present law.

Proposed law applies to taxable years beginning on or after Jan. 1, 2027.

Effective Jan. 1, 2027.

(Amends R.S. 47:31 and 241; Repeals R.S. 47:32(A), 295(A), 300.1, and 300.2)

Legislative History

Feb 20, 2026House

Prefiled.

Feb 20, 2026House

Under the rules, provisionally referred to the Committee on Ways and Means.

Feb 20, 2026House

First appeared in the Interim Calendar on 2/20/2026.