Does Louisiana offer a deduction for bonus depreciation?


Yes. A bonus depreciation deduction (or 100% expensing) and a bonus amortization deduction was enacted during the 2024 Third Extraordinary Session and apply to taxable periods beginning on or after January 1, 2025. The deductions are for costs of qualified property, qualified improvement property, and research and experimental expenditures and are optional at the election of the taxpayer.