La. Bill Seeks Tax Credit For Bars Affected By Pandemic

Louisiana would allow bars and restaurants economically affected by the novel coronavirus pandemic to claim an income tax credit for the amount spent on annual alcohol license fees under a bill introduced in the state House of Representatives.

H.B. 37, which Rep. Beau Beaullieu, R-New Iberia, introduced Monday, would allow establishments that sell or serve alcoholic beverages to claim an income tax credit for the amount spent by the business in the 2020 on a license or permit fee to sell alcoholic beverages. To qualify for the credit, a business must show its sales declined in 2020.

If enacted, the credit could be carried forward for up to five years.

--Editing by Tim Ruel.

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