TAX/INCOME TAX: Authorizes an income tax deduction for veterans with certain disabilities (EG -$11,300,000 GF RV See Note)

HB 402 adds a new income tax deduction for veterans with service-connected disabilities, as defined under existing law (R.S. 47:297.26). This deduction directly affects qualifying veterans by reducing their taxable income, with an estimated fiscal impact of $11.3 million in state general fund revenue. The bill amends the tax code to include this deduction within Section 47:293(9)(a)(xxvii), replacing outdated references to other sections. The change provides a concrete tax benefit for veterans meeting specific disability criteria established by current law.