Senate Committee on Revenue and Fiscal Affairs
June 16, 2009
6:00 pm
Room A-B

Adjourned
 



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

ROLL CALL

APPROVE MINUTES
 Minutes of Meeting: May 26, 2009

LEGISLATION TO BE CONSIDERED
 SB35CROWETAX EXEMPTIONS - Exempts certain law enforcement officers such as sheriffs, sheriff deputies, state police, municipal police whose duties primarily involve the prevention or detection of crime or enforcement of penal and traffic laws from income taxes on the first $32,000 of income. (gov sig) (OR -$6,400,000 GF RV See Note)
 SB40CROWETAX/TAXATION - Repeals the tax on surplus lines insurance. (6/1/09) (OR -$71,800,000 GF RV See Note)
 SB257QUINNHOUSING - Provides for safe homes for Louisiana families.(8/15/09) (EGF DECREASE GF RV See Note)
 SB340CROWETAX/INCOME/PERSONAL - Authorizes low income families or individuals to receive a tax credit for purchasing health insurance. (8/15/09) (OR DECREASE GF RV See Note)
 SB345CROWETAX/INCOME/CORPORATE - Grants a tax credit of $10 per ton to taxpayers who import breakbulk cargo or containerized cargo from a foreign country to a facility in the state or export such cargo from such facility to a foreign country through a Louisiana public port. (gov sig) (OR -$7,000,000 GF RV See Note)
 HB163HENRYTAX/SALES-USE, STATE - Provides relative to the state sales and use tax exemption on the purchase of off-road vehicles by out-of-state buyers (EG NO IMPACT GF RV See Note)
 HB307GREENETAX/SALES-USE, ST-EXEMPT - Provides relative to the state sales and use tax exemption on food sold for preparation and consumption in the home (EN NO IMPACT GF RV See Note)
 HB328GREENETAX CREDITS - Provides relative to applicant qualifications for the Technology Commercialization Credit (RE DECREASE GF RV See Note)
 HB338GREENETAX/INCOME TAX - Provides relative to the tax deduction for fees and other educational expenses for a quality public education (EN NO IMPACT GF RV See Note)
 HB819GREENETAX/SALES & USE - Excludes certain tangible personal property from the state sales and use tax on repair services (RE SEE FISC NOTE GF RV See Note)
 HB882GREENETAX/SALES & USE - Provides relative to exclusions from sales and use tax (EG SEE FISC NOTE GF RV)
 HB446HENRYTAX/AD VALOREM TAX - Provides relative to ad valorem taxes (EN SEE FISC NOTE LF EX See Note)
 HB473LITTLETAX/SALES-USE, STATE - Authorizes a state sales and use tax exemption for certain commercial farm irrigation equipment (EN DECREASE GF RV See Note)
 HB578RICHMONDTAX/INCOME-INDIV/EXEMPT - Increases tax credits for employment of certain persons related to the prevention of recidivism by persons released from incarceration (EN DECREASE GF RV See Note)
 HB860PERRYTAX/INCOME TAX - Authorizes an individual income tax deduction for certain educational support workers having certain credentials or certificates (RE -$302,000 GF RV See Note)
 HB868LITTLETAX/SEVERANCE TAX - Provides relative to the collection of timber severance taxes and authorizes the commissioner of the Dept. of Agriculture to appoint a director under certain circumstances (EN NO IMPACT GF RV See Note)
 HB874PETERSONBONDS - Authorizes a political subdivision issuing bonds pursuant to the provisions of the American Recovery and Reinvestment Act of 2009 to sell the bonds on a negotiated basis. (EG SEE FISC NOTE GF RV See Note)
 HB110J.H.SMITHTAX CREDITS - Provides relative to tax credits for the cost of qualified clean-burning motor vehicle fuel property (EN -$164,000 GF RV See Note)
 HB128HENRYTAX/SALES & USE - Authorizes an annual "sales tax holiday" for the purchase of firearms during Second Amendment Weekend (Second Amendment Recognition Act) (EN -$120,000 GF RV See Note)
 HB251GREENETAX/SALES-USE-EXEMPT - Clarifies references to manufactured, mobile, modular, and factory built homes for purposes of the tax exemption on the sale of such property (EN SEE FISC NOTE GF RV See Note)
 HB261CONNICKSEIZURES/SALES - Provides relative to the homestead exemption from seizure and sale (EN SEE FISC NOTE LF RV See Note)
 HB734STEVE CARTERTAX/SALES & USE - Authorizes a state and local sales and use tax exemption for purchases made by qualifying radiation therapy treatment centers (EN DECREASE GF RV See Note)
 HB189GREENETAX/SALES-USE, STATE - Provides relative to the state sales and use tax exemption on the sale of meals by educational institutions and other organizations (EN -$750,000 GF RV See Note)
 HB192ABRAMSONTAX/SEVERANCE TAX - Reduces the severance tax levied after payout on certain oil production within a CO2 tertiary recovery program (EG DECREASE GF RV See Note)
 HB215HUTTERTAX CREDITS - Creates the Ports of Louisiana Investor Tax Credit (EN -$3,500,000 GF RV See Note)
 HB389GREENETAX/SALES-USE, ST-EXEMPT - Removes the termination date of the exemption for purchases and leases of educational materials and equipment used for classroom instruction by nonpublic schools (EN -$1,100,000 GF RV See Note)
 HB618GREENETAX/CORP FRANCHISE - Exempts the first $150,000 of taxable capital from corporate franchise taxation and eliminates the minimum amount of the tax (EN -$373,000 GF RV See Note)
 HB683MONICAMINERALS/RIGHTS-ROYALTY - Provides a royalty payment offset for ad valorem taxes paid for deep oil and gas drilling and production (RE -$843,000 GF RV See Note)
 HB790GREENETAX CREDITS - Provides relative to the amount of the research and development tax credit and makes the tax credit refundable (EN -$11,600,000 GF RV See Note)
 HB818ELLINGTONTAX/SALES-USE, STATE - Phases-in an exclusion from state sales and use taxes for certain tangible property related to the manufacturing process (EN DECREASE GF RV See Note)
 HB898HENRYTAX CREDITS - Provides relative to the maximum amount of the tax credit for state certified productions and repeals the phase-down of such tax credits (EN -$10,000,000 GF RV See Note)
 HB164HENRYTAX CREDITS - Provides for tax credit for increases in the cost of health insurance premiums related to state mandates on health insurance coverage for specific conditions or services (EG DECREASE GF RV See Note)
 HB693GREENETAX CREDITS - Provides relative to the motion picture investor tax credit for certain state-certified infrastructure projects (EN SEE FISC NOTE GF RV See Note)
 HB106GREENETAX/INCOME-INDIV/EXEMPT - Provides for a deduction for net capital gains (EN DECREASE GF RV See Note)
 HB458TALBOTTAX CREDITS - Removes the January 1, 2010, sunset date for issuance of the sound recording investor tax credit (EN -$3,000,000 GF RV See Note)
 HB511HARRISONSTUDENT/TUITION - (Constitutional Amendment) Exempts public postsecondary education tuition amounts and mandatory fees from requirements for imposing a new or increasing an existing tax or fee (RE SEE FISC NOTE SG RV)
 HB753RICHMONDTAX CREDITS - Increases the credit cap for a single business under the New Markets Tax Credit Program (EN NO IMPACT GF RV See Note)
 HB765GALLOTTAX/SEVERANCE TAX - (Constitutional Amendment) Decreases the general severance tax allocation to the state (EN SEE FISC NOTE GF RV See Note)
 HB771HUTTERSTUDENT/TUITION - Authorizes LCTCS Bd. of Supervisors to equalize tuition and registration fee amounts for online courses (EG1 +$625,000 SG RV See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT