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Post details: Louisiana --Personal Income Tax: Military Income Exemption Permanently Extended
07/09/07
Louisiana --Personal Income Tax: Military Income Exemption Permanently Extended
CCH (cch.taxgroup.com) reports:
An individual who is on full-time active duty as a member of the U.S. armed forces for a continuous, uninterrupted period of 120 consecutive days or more will continue to be eligible for an annual Louisiana personal income tax exemption of up to $30,000 in total compensation paid for services performed outside the state. Previously, this exemption was scheduled to expire for tax years beginning after 2007.
Act 160 (S.B. 5), Laws 2007, effective August 15, 2007.
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