(The Center Square) − Rep. Matthew Willard, D-Orleans, has filed a bill proposing to double the state’s Earned Income Tax Credit for low- and moderate-income families.
Currently, Louisiana taxpayers receive a state EITC equal to 5% of their federal EITC, a provision set to remain in effect until Dec. 31, 2030. Starting in 2031, the state credit is scheduled to decrease to 3.5% of the federal amount.
The proposed legislation, House Bill 133 , would increase the state EITC to 10% of the federal credit through the end of 2030, effectively doubling the benefit for qualifying residents. Any excess credit beyond a taxpayer’s liability is refunded…