Income/Franchise:
Louisiana: New Law Provides Individual Income Tax Exemption for Some Qualifying Digital Nomads
S.B. 31, signed by gov. 6/16/21. New law provides a temporary individual income tax exemption for 50% of gross wages attributable to certain remote work performed in Louisiana, up to a maximum of $150,000, for some defined “digital nomads,” which potentially may apply for two of the four taxable years of 2022, 2023, 2024, and 2025. Qualifying participants generally must:
Not have resided in Louisiana for any of the prior three years,
Establish residency in Louisiana after December 31, 2021,
Work remotely in Louisiana full-time for a nonresident business, and
Have major medical insurance coverage.
Under this new law, the Louisiana Department of Revenue must limit the number of participating individuals to 500 for the life of this “digital nomad” exemption program. The exemption officially expires as of December 31, 2025. Please contact us with any questions.
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