§44.1. Annual retirement or disability income; exemption from taxation
A. Twelve thousand dollars of annual retirement income which is received by an
individual sixty-five years of age or older shall be exempt from state income taxation.
"Annual retirement income" is defined as pension and annuity income which is included in
"tax table income" as defined in R.S. 47:293. This Section shall not affect the status of any
income which is exempt from state income taxation by law. The amount of the exemption
provided for in this Subsection shall be adjusted annually beginning January 1, 2026, by an
amount calculated by multiplying the amount of the prior year's exemption by the percentage
increase in the Consumer Price Index United States city average for all urban consumers
(CPI-U), as reported by the United States Department of Labor, Bureau of Labor Statistics,
or its successor, for the previous calendar year.
B. Six thousand dollars of annual disability income received by an individual shall
be exempt from state income taxation. For purposes of this Subsection, "disability income"
means payment for permanent total disability as provided for in R.S. 23:1221(2). However,
any individual claiming an exemption for the blind, for having sustained the loss of one or
more limbs, for intellectual disability, or for deafness as provided for in R.S. 47:79(A)(2)
shall not be eligible for this exemption.
Added by Acts 1981, No. 880, §1. Amended by Acts 1982, No. 96, §1; Acts 2000,
No. 34, §1, eff. January 1, 2001; Acts 2014, No. 811, §25, eff. June 23, 2014; Acts 2024, 3rd
Ex. Sess., No. 11, §2, eff. Dec. 4, 2024.