Legislative Update

To view entirety of specific bills, please notate the Bill Number and proceed to the BILL SEARCH FOR THE 2017 REGULAR SESSION

Ways And Means

HB237 (TAX CREDITS) - Taylor Barras
POSITION: Support
STATUS: Pending House Ways and Means
NOTE: LIDEA bill
Summary: Extends the sunset for the Enterprise Zone Program (OR DECREASE GF RV See Note)

HB425 (TAX CREDITS) - Tanner Magee
POSITION: Monitor
STATUS: Pending House Ways and Means
NOTE: Vic LaFont to visit with Norby.
Summary: Removes the restriction against taxes paid under protest concerning claims for the ad valorem tax credit for certain offshore vessels (OR SEE FISC NOTE)

HB454 (TAX CREDITS) - Neil Abramson
POSITION: Support
STATUS: Pending House Ways and Means
NOTE: Not LED bill; GNO Inc led effort, reduces payout period for Angel Credit
Summary: Extends the sunset and provides for the amount of the Angel Investor Tax Credit (OR -$900,000 GF RV See Note)

HB648 (TAX/STATE) - Kenneth E. Havard
POSITION: Monitor
STATUS: Pending House Ways and Means - Considered 4/25/17
Summary: Levies the Louisiana Business Tax (OR INCREASE GF RV See Note)

Senate Finance

SB98 (FISCAL CONTROLS) - Jack Donahue
POSITION: Oppose
STATUS: Pending Senate Finance - Sched. for 5/1/17
NOTE: Priority!!! May be amended to a forecast
Summary: Provides for the appropriation of incentive expenditures. (7/1/17) (OR SEE FISC NOTE See Note)

SB150 (TAX/TAXATION) - Norby Chabert
POSITION: Support
STATUS: Pending Senate Finance - Sched. for 5/1/17
NOTE: LED bill - streamlines the Port INvestor T/C and Import-Export T/C, extends programs
Summary: Provides for the Ports of Louisiana tax credits. (gov sig) (EG DECREASE GF RV See Note)

Revenue And Fiscal Affairs

SB21 (TAX/TAXATION) - Barrow Peacock
POSITION: Support
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
Summary: Provides for the reinstatement of the tax exemption on manufacturing machinery. (7/1/17) (OR -$22,000,000 GF RV See Note)

SB51 (TAX/TAXATION) - Barrow Peacock
POSITION: Support
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
Summary: Requires a credit to be given on income taxes for franchise taxes paid in another state. (gov sig) (OR DECREASE GF RV See Note)

SB79 (TAX/TAXATION) - Jay Luneau
POSITION: Oppose
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Makes permanent 28% reduction, Angel, DM, R&D
Summary: Removes the June 30, 2018, sunset provision and makes permanent reductions to certain income and corporation franchise tax credits. (gov sig) (OR +$21,500,000 GF RV See Note)

SB113 (TAX EXEMPTIONS) - Regina Ashford Barrow
POSITION: Monitor
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
Summary: Provides relative to entities that are exempt from the corporations franchise tax. (1/1/18) (OR DECREASE GF RV See Note)

SB124 (TAX/INCOME/CORPORATE) - Rick Ward, III
POSITION: Monitor
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
Summary: Provides for the rate of corporate income tax. (See Act) (OR DECREASE GF RV See Note)

SB161 (TAX/TAXATION) - Rick Ward, III
POSITION: Oppose
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Makes changes to refundable credits - hits DM
Summary: Eliminates the refundability of certain corporate income and franchise tax credits. (See Act)

SB172 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Oppose
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Puts sunset date of 1/1/2019 - DM, EZ, Ports T/C,
Summary: Terminates certain tax credits as of January 1, 2019. (8/1/17)

SB173 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Oppose
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Gov's package
Summary: Provides for termination of income and corporation franchise tax credits. (gov sig) (OR SEE FISC NOTE GF RV)

SB178 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Monitor
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Bill sunsets Urban Revitalization, University R&D, Technology Commercialization, Retention and Modernization, Corporate Tax Apportionment. Extends sunset on Angel, DM, R&D, Tax Equalization, Exemptions for Manufacturers, Port Investor Tax Credits,
Summary: Establishes termination dates for certain tax credits and incentive programs administered by the Department of Economic Development. (gov sig) (OR INCREASE GF RV See Note)

SB181 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Monitor
STATUS: Pending Senate Revenue and Fiscal Affairs - Sched. for 5/1/17
NOTE: Sunsets of 6/30/2017 - includes Angel and Digital Media
Summary: Terminates certain tax credit programs. (gov sig)

House Commerce

SB108 (REAL ESTATE) - "Bodi" White
POSITION: Monitor
STATUS: Pending House Commerce - Sched. for 5/1/17
Summary: Provides relative to licensing and registration of persons engaged in real estate activity. (8/1/17)

Senate Floor Debate

SB48 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Oppose
STATUS: Subject to call - Senate final passage - Sched. for 5/1/17
Summary: Provides for the termination of the credit for purchase of qualified recycling equipment or service contracts. (gov sig) (EG +$100,000 GF RV See Note)

SB26 (TAX EXEMPTIONS) - Jean-Paul Morrell
POSITION: Oppose
STATUS: Subject to call - Senate final passage - Sched. for 5/1/17
NOTE: CA to remove school millages from ITEP beginning 1/1/19.
Summary: Constitutional amendment to prohibit contracts under the industrial property tax exemption program from exempting millages related to school funding. (2/3 - CA13s1(A)) (EG INCREASE LF RV See Note)

SB33 (TAX/TAXATION) - Jean-Paul Morrell
POSITION: Oppose
STATUS: Subject to call - Senate final passage - Sched. for 5/1/17
Summary: Eliminates sunset provision on credit for taxes paid in other states. (gov sig) (EG +$31,300,000 GF RV See Note)

HOUSE MUNICIPAL, PAROCHIAL & CULTURAL AFF.

HB262 (INDUSTRIAL DEVELOPMENT) - "Jimmy" Harris
POSITION: Oppose
STATUS: Pending House Municipal, Parochial, and Cultural Affairs
Summary: Provides relative to the industrial development board for the city of New Orleans