Senate Committee on Revenue and Fiscal Affairs
May 18, 2009
10:00 am
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised May 15, 2009, 12:54 pm *
Revision Notes: ADDED: SB52

 



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

ROLL CALL

APPROVAL OF MINUTES: MINUTES OF MEETING HEARD ON MAY 11, 2009

LEGISLATION TO BE CONSIDERED
 SB9LONGTAX EXEMPTIONS - Grants a sales tax exemption from all of the state sales tax and all of the local sales tax for new boats, vessels, or other water craft used as demonstrators. (7/1/09) (EN DECREASE GF RV See Note)
 SB10DUPRETAX/SALES - Grants a state and local sales and use tax exclusion for "manmade or anthropogenic" carbon dioxide used in a "qualified tertiary recovery project" which has a severance tax exemption until the project reaches "payout." (EN DECREASE GF RV See Note)
 SB33CHAISSONTAX EXEMPTIONS - Provides for sales and use tax exemption on purchases of utilities by certain businesses and for certain sales of items of tangible personal by the Military Department. (7/1/09) (EN -$14,000 GF RV See Note)
 SB52MARIONNEAUXTAX EXEMPTIONS - Establishes Annual Second Amendment Weekend Holiday to exempt from state and local sales tax each year consumer purchases of firearms, ammunition, and hunting supplies from the first consecutive Friday through Sunday of September each year. (gov sig) (EN -$120,000 GF RV See Note)
 SB68CROWETAX/AD VALOREM - Constitutional amendment to authorize those eligible for the special assessment level which freezes the assessment value of their homesteads to receive a refund or credit of taxes paid if they file for it after the first year in which they are eligible. (1/1/11) (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV See Note)
 SB69CROWETAX/AD VALOREM - Authorizes those eligible for the special assessment level which freezes the value of their homesteads to receive a credit for taxes paid if they file for the special assessment level after the first year in which they are eligible. (gov sig) (RE1 SEE FISC NOTE LF RV See Note)
 SB88LONGTAX/INCOME/PERSONAL - Provides for the creation of a tax deductible property and casualty deposit account for property owners in Louisiana. (8/15/09) (RE DECREASE GF RV See Note)
 SB101HEBERTTAX/AD VALOREM - Constitutional amendment to require the homestead exemption to be increased each reappraisal year in accordance with the increases in the Consumer Price Index. (2/3 - CA13s1) (OR SEE FISC NOTE LF RV See Note)
 SB113MARIONNEAUXTAX/TAXATION - Increases the tax credits for rehabilitation of certain residential structures. (gov sig) (RE1 DECREASE GF RV See Note)
 SB128MARTINYTAX EXEMPTIONS - Provides for a tax exclusion for the resale of Mardi Gras beads and specialty items by organizations from state sales tax. (8/15/09) (EG DECREASE GF RV See Note)
 SB147MURRAYTAX/TAXATION - Increases the number of allowable transfers of the tax credit generated by the rehabilitation of historic structures. (gov sig) (EN NO IMPACT GF RV See Note)
 SB207ADLEYTAX/AD VALOREM - Removes the limitation on certain active and retired military personnel receiving the "special assessment level" because their income is above a certain limit. (See Act) (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV)
 SB227GRAY EVANSTAX/TAXATION - Provides for recommendations for tax credits for individuals and developers for certain housing projects. (gov sig) (OR -$1,000,000 GF RV See Note)
 SB228GRAY EVANSTAX/TAXATION - Grants a tax credit for certain low-income homeowners who are residential lessees, not to exceed $330. (gov sig) (EG -$495,000 GF RV See Note)
 SB239DUPRETAX EXEMPTIONS - Includes possession of a vessel license to qualify for certain exemptions from the state sales, use, lease, and services taxes, includes owners of vessels who are not operators of the vessels, and provides for certain commercial fishermen licenses. (7/1/09) (EN NO IMPACT GF RV See Note)
 SB274ADLEYTAX/TAXATION - Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program which grants a tax reduction to insurance companies of 80% of the amount of an OFI-approved investment in an approved issuer, limited to approval of investments of no more than $200 million. (gov sig) (OR -$32,000,000 GF RV See Note)
 SB277A.DUPLESSISTAX/TAXATION - Provides relative to the digital interactive media tax credit. (7/1/09) (EN DECREASE GF RV See Note)
 SB287MARTINYTAX/TAXATION - Authorizes a musical and theatrical production income tax credit for limited state-certified musical or theatrical productions. (gov sig) (EN -$250,000 GF RV See Note)
 SB326MURRAYTAX/TAXATION - Provides the musical and theatrical production income tax credit. (8/15/09) (OR NO IMPACT GF RV See Note)
 SB339MARIONNEAUXTAX/TAXATION - Provides relative to the Louisiana Capital Companies Tax Credit Program concerning the placement of the investment pool in qualified investments. (gov sig) (EN NO IMPACT GF RV See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT