HB 37 - Expands Business Tax Credits - Louisiana Key Vote


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Title: Expands Business Tax Credits

Vote Smart's Synopsis:

Vote to pass a bill that expands business tax credits.



  • Authorizes a one-time credit against Louisiana income tax imposed by the commissioner of alcohol and tobacco control and paid by the owners of the restaurant establishments (Sec 1).

  • Specifies an exemption for restaurants that are licensed to serve alcoholic beverages for consumption will be eligible for credit authorized (Sec 1).

  • Specifies that the taxpayer claiming that their credit submitted through documentation was less than the taxpayer’s total sales as a result of COVID, they must provide documentation that includes the taxpayer’s total sales for both 2019 and 2020 (Sec 1).