Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
May 26, 2009 3:00 pm John J. Hainkel, Jr. Room
Adjourned
* Agenda Revised May 25, 2009, 3:18 pm * Revision Notes: Added: SB37, SB123, SB159, SB199, SB277, SB287, SB330, SB338, SB342, SB343

BLUE = already considered. RED = currently being considered. BLACK = not yet considered.
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CALL TO ORDER
ROLL CALL
LEGISLATION TO BE CONSIDERED
	SB37	DONAHUE	TAX/AD VALOREM - Limits the power of tax authorities whose governing boards are not elected to increase millage rates without voter approval and require elections to approve the levy or renewal of property taxes of such unelected tax authorities to be held only on the same dates as gubernatorial and congressional primary and general elections. (1/1/11) (2/3-CA13s1(A) (EG DECREASE LF RV See Note)
	SB81	MORRELL	TAX/INCOME/PERSONAL - Grants a refundable credit for 50 % of contributions made to an Emergency Evacuation Expense Savings Accounts for the benefit of certain individuals having a primary residence within a parish with a history of emergency evacuations, limited to $250 per family member and $5,000 per account. (gov sig) (OR DECREASE GF RV See Note)
	SB108	MARIONNEAUX	TAX/TAXATION - Extends the duration of the Research and Development Tax Credit for income and corporation franchise taxes through 2014. (gov sig) (EG -$10,600,000 GF RV See Note)
	SB109	MARIONNEAUX	TAX/TAXATION - Extends the duration of the Angel Investor Tax Credit for income and corporation franchise taxes through 2014 and provides further time and manner in which credits may be taken and for utilization of unused credits. (12/31/09) (RE1 -$1,000,000 GF RV See Note)
	SB123	MICHOT	TAX/TAXATION - Changes the musical recording investor tax credits to "sound" recording credits, eliminates the January 1, 2020 termination date, and provides for payments to the investors upon certification. (gov sig) (EN -$3,000,000 GF RV See Note)
	SB159	MARIONNEAUX	TAX/INCOME/PERSONAL - Provides that a transaction executed prior to December 31, 2008, in which the obligation is secured by the subject of the transaction and the maturity date for the obligation occurs after December 31, 2008 qualifies for the requirement that 50% of the "total base investment" of a movie infrastructure project must be expended prior to that date. (gov sig) (EN DECREASE GF RV See Note)
	SB199	RISER	TAX/TAXATION - Removes the Jan. 1, 2010, termination date for issuance of digital interactive media producer tax rebates, and increases the rate of the rebate for the first through the sixth year after certification to 20% of base investment. (gov sig) (RE DECREASE GF RV See Note)
	SB207	ADLEY	TAX/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)
	SB228	GRAY EVANS	TAX/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)
	SB245	ADLEY	TAX/TAXATION - Changes the transferable motion picture investor tax credit for movie productions certified on and after July 1, 2009. (7/1/09) (EN -$10,000,000 GF RV See Note)
	SB252	WALSWORTH	ECONOMIC DEVELOPMENT - Establishes the Retention and Modernization Act of 2009. (8/15/09) (EN -$2,000,000 GF RV See Note)
	SB277	A.DUPLESSIS	TAX/TAXATION - Provides relative to the digital interactive media tax credit. (7/1/09) (EN DECREASE GF RV See Note)
	SB287	MARTINY	TAX/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)
	SB306	ADLEY	FUNDS/FUNDING - Dedicates a portion of certain mineral revenues to be used to develop infrastructure needs for alternative water sources and other local needs. (7/1/09) (OR DECREASE GF RV See Note)
	SB329	MCPHERSON	TAX/TAXATION - Exempts motor carriers of non-hazardous waste from the 2% transportation and communications tax. (7/1/09) (OR DECREASE GF RV See Note)
	SB330	RISER	TAX/TAXATION - Provides with regard to the motion picture investor tax credit. (8/15/09) (OR -$10,000,000 GF RV See Note)
	SB338	GRAY EVANS	TAX EXEMPTIONS - Exempts from state and local sales tax the sale of construction materials to certain organizations intended for use in constructing, rehabilitating, or renovating new residential dwellings in this state which were destroyed or damaged by Hurricanes Katrina or Rita. (7/1/09) (EN -$5,000 GF RV See Note)
	SB342	ERDEY	TAX/TAXATION - Provides relative to the motion picture investor tax credit for certain state-certified infrastructure projects. (gov sig) (RE SEE FISC NOTE GF RV See Note)
	SB343	CROWE	TAX/TAXATION - Denies motion picture tax credits to productions for which records are required to be maintained pursuant to 18 U.S.C. § 2257. (8/15/09) (RE SEE FISC NOTE GF RV See Note)
	HB720	J.H.SMITH	TAX/STATE - Enacts the Louisiana Tax Delinquency Amnesty Act of 2009 (EN INCREASE SD RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT