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Act 54 COVID-19 Relief Benefits; Act 296 2020 Hurricanes

July 27, 2021

Exemption for COVID-19 Relief Benefits Act 54 of the 2021 Regular Session

Revenue Information Bulletin (RIB) 21-019 has been issued by the Louisiana Department of Revenue (LDR) to explain the taxability of benefits received from the Louisiana Main Street Recovery Fund and the Frontline Workers COVID-19 Hazard Pay Rebate Program based upon Act 54 of the 2021 Regular Session of the Louisiana Legislature.

Act 54 applies both retroactively and prospectively so that taxpayers who have not yet reported such relief benefits, as well as those who have previously reported such relief benefits as taxable income, may receive the exemption by filing either an original or amended return, respectively, and reporting qualifying relief benefits as exempt income on the line so designated.

Act 296 (SB239) Hurricanes Laura, Delta, and Zeta

Act 296 of the 2021 Regular Session of the Louisiana Legislature was signed by the Governor and is effective June 14, 2021.

Act 296 applies both retrospectively and prospectively. It is an Act to amend and reenact R.S. 47:293(4)(e), relative to the definition of federal income tax liability for individual income taxpayers impacted by the 2020 hurricanes; to provide relief for taxpayers using the federal standard deduction; to include taxpayers affected by Hurricane Zeta and to clarify the applicability of the relief provided.

Questions about the content of this Alert should be directed to LCPA State Government Relations Director Linda Babin.