Senate Committee on Revenue and Fiscal Affairs
June 13, 2016
10:00 am
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised June 10, 2016, 4:04 pm *
Revision Notes: ADDED: FOR DISCUSSION AND PUBLIC TESTIMONY ONLY -- HB2, HB20, HB24, HB25, HB29, HB35, HB47, HB51, HB52 AND HB53

 



  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
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CALL TO ORDER

MINUTES TO BE APPROVED:
 May 16, 2016

ROLL CALL

LEGISLATION TO BE CONSIDERED
 SB1GATTITAX EXEMPTIONS - Restores sales tax exemption for admissions to athletic and entertainment events for elementary and secondary schools. (7/1/16)(Item No. 7) (EG DECREASE GF RV See Note)
 SB2MORRELLTAX/TAXATION - Provides for interest paid on refunds of tax overpayments. (Item No. 45) (7/1/16) (RE +$16,300,000 GF RV See Note)
 SB3MORRELLTAX/TAXATION - Provides with respect to exemptions from state sales tax. (Item Nos. 7-35) (7/1/16) (RE DECREASE GF RV See Note)
 SB4CHABERTTAX EXEMPTIONS - Legislates with regard to purchases of fishing boats, supplies, fuels, lubricants, and repairs for the boats of licensed commercial fisherman. (7/1/16) (Item No. 33) (EG DECREASE GF RV See Note)
 SB5CHABERTTAX EXEMPTIONS - Legislates with regard to sales of butane, propane, or other liquified petroleum gases for private, residential consumption. (7/1/16)(Item No. 34) (EG DECREASE GF RV See Note)
 SB6MORRELLTAX/AD VALOREM - Provides for the carry forward rather than the refund of a certain portion of the tax credit for ad valorem taxes paid on inventory. (gov sig) (Item #47) (EN +$17,300,000 GF RV See Note)
 SB7MORRELLTAX/TAXATION - Provides for increases to the earned income tax credit. (See Act)(Item No. 47) (EG -$20,000,000 GF RV See Note)
 SB8MORRELLTAX/TAXATION - Provides for the operability of the tax credit for Citizens Property Insurance Corporation 2005 assessment. (gov sig) (Item Nos. 46 and 47) (EG +$17,000,000 GF RV See Note)
 SB9MORRELLTAX/SALES - Provides for a definition of isolated and occasional sales for sales and use tax. (7/1/16) (Item No. 16) (RE INCREASE GF RV See Note)

DISCUSSION AND PUBLIC TESTIMONY PENDING SENATE INTRODUCTION AND REFERRAL TO THE SENATE REVENUE & FISCAL AFFAIRS COMMITTEE:
 HB2: ABRAMSON (TBA) CAPITAL OUTLAY Provides for the comprehensive Capital Outlay budget (Item #3)
 
 HB20: REYNOLDS (TBA) TAX/CORP INCOME Provides relative to the apportionment ratio for purposes of computing corporate income tax and provides for the sourcing of sales (Item #44) (EG INCREASE GF RV See Note)

 
 HB24: ANDERS (TBA) TAX/INSURANCE PREMIUM Provides relative to the insurance premium tax credit (Item #6) (EG -$1,300,000 GF RV See Note)

 
 HB25: LYONS(TBA) TAX/INCOME-CREDIT Reduces the amount of the income tax credit for the Louisiana Citizens Property Insurance Corporation Assessment and makes the reduction permanent (Item #46) (EG +$17,000,000 GF RV See Note)

 
 HB29: PRICE(TBA) REVENUE DEPARTMENT Provides relative to the calculation of interest on certain overpayments (Item #45) (RE +$16,300,000 GF RV See Note)

 
 HB35: ANDERS (TBA) TAX/INSURANCE PREMIUM Establishes the annual tax on health maintenance organizations (Item #5) (EG +$139,500,000 SD RV See Note)
 
 HB47: BROADWATER (TBA) TAX/CORP INCOME Provides with respect to the net operating loss deduction for corporate income tax (Item #37) (EG NO IMPACT GF RV See Note)
 
 HB51: JIM MORRIS (TBA) TAX/SALES-USE, STATE Provides with respect to the effectiveness of certain exclusions and exemptions from state sales and use taxes (Items #7-34) (RE DECREASE GF RV See Note)

 
 HB52: ABRAMSON (TBA) CAPITAL OUTLAY: Provides with respect to the execution and administration of capital outlay appropriations for Fiscal Year 2016-2017 (Item #3)
 
 HB53: ABRAMSON (TBA) TAX: Provides with respect to sales of certain services and tangible personal property at certain publicly owned facilities (Item #35) (EG INCREASE GF RV See Note)

DISCUSSION: SALES TAX EXPENDITURES IN THE CALL OF 2016 - 2ND EXTRAORDINARY SESSION
 - Sales of admissions to athletic and entertainment events for or by an elementary or secondary school, R.S. 47:301(14)(b)(i)
 - Sales of food items by a youth serving organization chartered by the United States Congress, R.S. 47:301(10)(h)
 - Sales to Boys State of Louisiana, Inc. and Girls State of Louisiana, Inc., R.S. 47:301(10)(r)
 - Sales or use of tangible personal property donated to a food bank, R.S. 47:301(10)(j)
 - Sales of room rentals by a camp or retreat facility owned by a nonprofit organization, R.S. 47:301(6)(b)
 - Sale of room rentals by a homeless shelter, R.S. 47:301(6)(c)
 - Sales to, and leases, rentals, and uses of educational materials and equipment used for classroom instruction by a parochial and private elementary and secondary school which complies with the court order from the Dodd Brumfield decision and Section 501(c)(3) of the Internal Revenue Code, R.S. 47:301(10)(q)
 - Sales by a parochial and private elementary and secondary school which complies with the court order from the Dodd Brumfield decision and Section 501(c)(3) of the Internal Revenue Code, R.S. 47:301(18)(e)
 - Sales by a nonprofit entity which sells donated goods, R.S. 47:301(8)(f)
 - Isolated or occasional sales by a person not engaged in such business, R.S. 47:301(10)(c)(ii)(bb)
 - Sales, leases, and rentals of fire-fighting equipment by a volunteer fire department, R.S. 47:301(10)(o)
 - Sales to a free hospital, R.S. 47:301(10)(p)
 - Sales of memberships by and dues paid to a nonprofit civic organization, R.S. 47:301(14)(b)(i)
 - Sales of admissions to entertainment events sponsored by a domestic nonprofit charitable, religious, or educational organization, R.S. 47:305.13
 - Sales of admissions to entertainment events by a little theater organizations, R.S. 47:305.6
 - Sales of admissions to musical performances by a nonprofit organization, R.S. 47:305.7
 - Sales of admissions to and parking fees charged at fairs and festivals sponsored by a nonprofit organization, R.S. 47:305.18
 - Sales of admissions to, parking fees charged at, and tangible personal property sold at events sponsored by a nonprofit organization, R.S. 47:305.14(A)(1)
 - Sales of human tissue transplants, R.S. 47:301(10)(d)
 - Sales or use of materials used in the collection, separation, treatment, testing, and storage of blood, R.S. 47:301(16)(j)
 - Sales or use of apheresis kits and leuko reduction filters, R.S. 47:301(16)(k)
 - Sales or use of orthotic devices, prescription eye glasses, contact lenses, prosthetic devices, wheelchairs and wheelchair lifts, R.S. 47:305(D)(1)(k)
 - Sales or use of ostomy, colostomy, and ileostomy devices and other appliances and equipment, R.S. 47:305(D)(1)(1)
 - Sales or use of adaptive driving equipment, 47:305(D)(1)(u)
 - Sales, use, or leases of materials, supplies, and machines by a private individual for home renal dialysis, R.S. 47:305(G)
 - Sales of meals by an educational institution, medical facility, or other institution, R.S. 47:305(D)(2)
 - Sales of fishing vessels, supplies, fuels, lubricants, and repair services for purposes of a licensed commercial fisherman, R.S. 47:305.20
 - Sales or use of butane, propane, or other liquified petroleum gases for private, residential consumption, R.S. 47:305.39
 -Sales by state-owned domed stadiums and baseball facilities & sales by certain publicly-owned facilities, R.S. 39:467 and R.S. 39:468
 - Sales of items of tangible personal property for further processing, R.S. 47:301 (10)(c)(i)(aa)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT