Investor Presentaiton

PIT Exemptions and Credits-Est. $2.180 billion Exemptions and Credits Federal Tax Liability Excess Itemized Deductions Personal Exemption/Standard Deduction Retirement Benefits Taxes Paid to Other States Earned Income Tax Credit-working and low income Net Capital Gains-higher income Others Projections for 2016 $845 million--constitutional $360 million-eliminated in 2002; added back in 2007, not used consistently in other states $258 million-common in other states on average higher in LA $232 million-state, teachers, federal and social security $89 million-amended in 2015 session based on 2015 presentation $50 million-based on federal EITC and 26 states now use to assist workers at lower income levels $46.0 million-applicable to LA residents selling LA business $300 million

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