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The Louisiana legislature acted in the last special session of 2024 to sunset some of the more widely used programs that LED offers such as Enterprise Zone, Quality Jobs, and Retention and Modernization. The department will still be accepting Advance Notifications for these programs through 6/30/25.  If you do not currently have an Advance Notification on file with LED, then you will not be eligible to pursue these programs without filing an Advance Notification before the sunset date above.

If you have projects and investments being considered in Louisiana and would like to file an Advance Notification for one of these programs, then please let us know.

In the current fiscal session, LED proposed a suite of new incentives including: a High Impact Jobs (HIP) program and the Site Infrastructure Investment Fund. Attached is our comparison of the existing programs that are sunsetting and the new programs being proposed. We are happy to discuss or assist in any way we can with navigating the new programs.  Most of the details of these new programs are to come through the rule promulgation process, which we anticipate to begin this summer following the legislative session, pending approval of the legislation and the Governor’s signature.  If you would like to discuss, please don’t hesitate to reach out to one of our Business Incentives experts.

Louisiana’s 2025 Regular Legislative Session adjourned sine dine on June 12th, 2025. While the session was a fiscal session, many other legislative priorities took the spotlight such as insurance reform and carbon capture regulation. Regardless, there were many key tax measures that taxpayers should be made aware.

Constitutional Amendments related to the former Constitutional Amendment No. 2.

2025 Texas Legislative Session Wrap-Up: Key Tax Legislation and Developments

The 89th Texas Legislature adjourned its regular session on June 2, 2025, after a whirlwind of policy debates and negotiations. One of the most impactful outcomes of this session was a series of sweeping changes to the state’s tax landscape, particularly in the areas of property taxes, business incentives, and severance tax allocations. Below is a detailed breakdown of the major tax bills passed and what they mean for Texas taxpayers—both individuals and businesses.

Here is a brief update on what has happened this week as of June 3rd, 2025:

Both House Committee on Ways and Means and Senate Committee on Revenue and Fiscal Affairs announced yesterday that the committees are adjourned for the remainder of session. As such, any bill committed to these committees that have not been heard and/or voted on will not move forward for the remainder of session.

In similar news, the proposed rate cuts to individual income tax and state sales and use tax will not be moving forward this session.

HB 667 by Representative Emerson proposed to reduce the rate of individual income tax from 3% to 2.75% for taxable periods beginning January 1, 2027. This rate cut was contingent on the passage of HB 678 by Representative Emerson, the constitutional amendment that, if passed, will merge the Revenue Stabilization Fund and its dedications into the Budget Stabilization Fund. The intent was to use the excess revenue from the merger to lower both the individual income tax rate and state sales and use tax rate. HB 667 by Representative Emerson was committed to the Senate Committee on Revenue and Fiscal Affairs but was not timely heard before its final adjournment.

HB 578 by Representative Emerson proposed to accelerate the rate reduction to the state sales and use tax from 5% to 4.75% beginning January 1, 2027, also contingent on the passage of HB 678 by Representative Emerson for the reasons stated above. This reduction was previously set in the Special Session to occur in 2030. On Sunday, HB 578 by Representative Emerson was amended in Senate Committee on Revenue and Fiscal Affairs to remove the accelerated rate reduction. The amendment was adopted on the Senate floor and the bill is now pending Senate Committee on Finance.

The failure of these rate reductions was likely due to budgetary implications and fiscal note concerns. The fiscal note for HB 667 estimated that the rate reduction to the individual income tax rate would result in a decrease in revenue to the State General Fund of approximately $600 million over the next five years. Similarly, the fiscal note for HB 578 estimated that the reduction to the state sales and use tax rate would result in a decrease in revenue to the State General Fund of approximately $800 million over the next five years.