The secretary of the Department of Revenue would be in charge of implementing the provisions of the credit. (Credit: WEERAPAT WATTANAPICHAYA/Adobe Stock)
A bill introduced in the Louisiana House of Representatives would provide an income tax credit for taxpayers' auto insurance premiums. If passed, these credits would be the first of their kind in the U.S., as most citizens are currently unable to deduct any amount of money spent on their personal vehicle coverage from their annual taxes.
The bill is sponsored by Democratic Representative Edmond Jordan.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
