Present Constitution provides that the state individual and joint income tax schedule of rates and brackets shall never exceed the rates and brackets on January 1, 2003 as set forth in Title 47 of the Louisiana Revised Statutes. Further provides that federal income taxes paid shall be allowed as a deduction in computing state income taxes for the same period.

Proposed Constitutional Amendment provides that the maximum state individual rate shall not exceed four and three-quarters percent for tax years beginning after December 31, 2021. Further provides that federal income taxes paid may be allowed as a deduction in computing state income taxes for the same period as provided by law.