{"data":{"id":"us-la/rs-47-297.26","jurisdiction":"us-la","citation":"RS 47:297.26","heading":"Tax deduction; hardship distributions from retirement accounts","body":"A. There shall be allowed a deduction from tax table income for amounts that a qualifying resident taxpayer receives in a taxable year through hardship distributions from one or more retirement accounts.\nB. For purposes of this Section, the following terms shall have the meanings ascribed to them in this Subsection:\n(1) \"Hardship distribution\" means a withdrawal from a retirement plan participant's elective deferral account made because of an immediate and serious financial need as determined in accordance with the policies of the plan.\n(2) \"Qualifying taxpayer\" means a taxpayer who has been diagnosed with a terminal illness by a licensed physician. In the case of married joint filers, \"qualifying taxpayer\" shall also mean a taxpayer's spouse who has been diagnosed with a terminal illness by a licensed physician.\n(3) \"Terminal illness\" shall have the meaning ascribed in R.S. 40:1169.3.","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=1430309","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:21Z","sha256":"f5169ec3cc24106e5127a9e8476246c1f085353d08c9e0720e15537bf3910faa","source_id":"us-la","stale":false,"prev":"us-la/rs-47-297.25","next":"us-la/rs-47-298"},"notice":"GroundRules: Original legal text. Not legal advice."}