BRAC’s February 2 COVID-19 Brief: Louisiana tax implications of COVID-19 relief

Louisiana taxpayers do not have to pay state taxes on Paycheck Protection Program forgivable loans or the stimulus checks issued in 2020. The Louisiana Department of Revenue announced last week that those federal sources of money are not subject to state taxes.  However, unemployment compensation and the state frontline worker rebates are subject to state taxes.  Louisiana Main Street Recovery Program Grants will also be subject to taxes.  

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