---
type: "Bill"
title: "TAX/CORP FRANCHISE: Repeals the corporation franchise tax and limits eligibility of certain credits to be claimed against corporation franchise tax (Item #3) (EN -$574,000,000 RV See Note)"
description: "TAX/CORP FRANCHISE: Repeals the corporation franchise tax and limits eligibility of certain credits to be claimed against corporation franchise tax (Item #3) (EN -$574,000,000 RV See Note)"
jurisdiction: "us/states/la"
legislature: "Louisiana Legislature"
session: "2024s3"
identifier: "HB 3"
citation: "Louisiana HB 3 (2024s3)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Julie Emerson"]
version_count: 9
action_count: 21
vote_count: 3
first_action: "2024-11-01"
last_action: "2024-12-04"
source: "openstates"
source_identifier: "ocd-bill/456ebefd-ad07-480e-a6fa-ac6545d3733c"
source_url: "https://www.legis.la.gov/Legis/BillInfo.aspx?i=247846"
source_hash: "255ba76e5baf13df45d585a9326ee7a9a83bb48d03855ae0b3cb7d3db1d4bf09"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-la"]
---

# Louisiana HB 3 (2024s3) — TAX/CORP FRANCHISE: Repeals the corporation franchise tax and limits eligibility of certain credits to be claimed against corporation franchise tax (Item #3) (EN -$574,000,000 RV See Note)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB3 Original** (filed) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1389998)
2. **HB3 Act 6** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391651)
3. **HB3 Engrossed** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390308)
4. **HB3 Reengrossed** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390571)
5. **House Committee Amendment, #43, W&M, Draft** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390234)
6. **House Committee Amendment, #46, W&M, Adopted** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390311)
7. **House Floor Amendment, #74, Emerson, Adopted** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1390510)
8. **Senate Floor Amendment, #176, Foil, Adopted** (committee substitute) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391158)
9. **HB3 Enrolled** (enrolled) — [source](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1391415)

## Votes

- FINAL PASSAGE (#17) — **83–14** (pass) · lower
- FINAL PASSAGE (#34) — **39–0** (pass) · upper
- CONCUR IN SENATE AMENDMENTS (#62) — **84–16** (pass) · lower

## Sponsors

- Julie Emerson — primary (person)
- Franklin J. Foil — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-12-04** Effective date: 01/01/2026.
- **2024-12-04** Signed by the Governor. Becomes Act No. 6. `became-law, executive-signature`
- **2024-11-25** Sent to the Governor for executive approval. `executive-receipt`
- **2024-11-22** Signed by the President of the Senate.
- **2024-11-22** Enrolled and signed by the Speaker of the House. `enrolled`
- **2024-11-22** Read by title, roll called, yeas 84, nays 16, Senate amendments concurred in.
- **2024-11-22** Rules suspended.
- **2024-11-22** Received from the Senate with amendments. `receipt`
- **2024-11-22** Rules suspended. Senate floor amendments read and adopted. Read by title, passed by a vote of 39 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled. `passage`
- **2024-11-20** Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage. `reading-3`
- **2024-11-19** Reported favorably. Rules suspended. Read by title and referred to the Legislative Bureau. `committee-passage-favorable`
- **2024-11-13** Received in the Senate; read by title Rules suspended. Read second time by title and referred to the Committee on Revenue and Fiscal Affairs. `reading-2, referral-committee`
- **2024-11-12** Read third time by title, amended, roll called on final passage, yeas 83, nays 14. Finally passed, title adopted, ordered to the Senate. `passage`
- **2024-11-12** Called from the calendar.
- **2024-11-12** Read by title, returned to the calendar.
- **2024-11-11** Scheduled for floor debate on 11/12/2024.
- **2024-11-08** Read by title, amended, ordered engrossed, passed to 3rd reading. `reading-3`
- **2024-11-07** Reported with amendments (17-1). `committee-passage-favorable`
- **2024-11-06** Read by title, rules suspended, referred to the Committee on Ways and Means. `referral-committee`
- **2024-11-01** Under the rules, provisionally referred to the Committee on Ways and Means. `referral-committee`
- **2024-11-01** Prefiled. `filing`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/456ebefd-ad07-480e-a6fa-ac6545d3733c`. Confidence: reported (aggregated from official Louisiana legislature records).