TAX CREDITS: Accelerates termination of the higher amount of the earned income tax credit (Item #5) (OR +$67,000,000 RV See Note)

This bill modifies Louisiana's earned income tax credit by shortening the period during which residents can receive the higher credit amount. Instead of extending through 2030, the provision allowing for the increased credit will now expire on December 31, 2024. The change applies to tax years beginning on or after January 1, 2025, and reduces the state tax benefit for eligible individuals during that timeframe.