Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
April 12, 2010 1:30 pm John J. Hainkel, Jr. Room
Adjourned
* Agenda Revised April 12, 2010, 11:34 am * Revision Notes: TIME CHANGED: 1:30 p.m.

BLUE = already considered. RED = currently being considered. BLACK = not yet considered.
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CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES: MAY 21, 2009, JUNE 1, 2009, JUNE 3, 2009, JUNE 8, 2009, JUNE 15, 2009, JUNE 16, 2009, JUNE18, 2009, DECEMBER 7, 2009
LEGISLATION TO BE CONSIDERED
	SB20	MURRAY	TAX/AD VALOREM - Subject to adoption of proposed consitutional amendment, authorizes extensions of the homestead exemption and/or the special assessment level for owners who are unable to reoccupy their homesteads within the five-year period set forth in present law. (See Act) (EN INCREASE LF EX See Note)
	SB21	MURRAY	TAX/AD VALOREM - Constitutional amendment to extend the time in which the owner of a homestead must reoccupy the homestead in order to retain the homestead's homestead exemption or its special assessment level and to provide for claiming the extension. (1/01/11)(2/3-CA13s1(A)) (EN INCREASE LF EX See Note)
	SB337	MARIONNEAUX	CAPITAL OUTLAY - Repeals provision authorizing late approval of certain capital outlay budget requests. (8/15/10) (2/3 -CA7s11(C)) (EG NO IMPACT GF EX See Note)
	SB405	MARIONNEAUX	REVENUE DEPARTMENT - Authorizes the Secretary of the Department of Revenue to require electronic filing of certain returns when electronic filing of a similar return or report is required by the Internal Revenue Service. (gov sig) (EN SEE FISC NOTE GF EX See Note)
	SB433	QUINN	TAX EXEMPTIONS - Constitutional amendment to authorize the full homestead exemption for an owner in indivision who is occupying the homestead if the exemption had been allowed to such owner prior to June 20, 2003. (2/3 - CA13s1(A)) (OR SEE FISC NOTE LF RV)
	SB500	MARIONNEAUX	TAX/TAXATION - Authorizes the Department of Economic Development to grant up to $5 million of rebates per calendar year at the rate of 35% of an investor's investment in "Louisiana Entrepreneurial Business," not to exceed $1 million per year per business and $2 million total per business and requires the Louisiana Mega-Project Development Fund to be reduced each fiscal year by an amount which equals the rebates granted. (gov sig) (REF DECREASE GF RV See Note)
	SB525	MURRAY	REVENUE DEPARTMENT - Authorizes the Secretary of the Department of Revenue to require electronic filing of returns and reports by professional athletic teams or professional athletes associated with administering the Sports Facility Assistance Fund. (8/15/10) (EN NO IMPACT GF EX See Note)
	SB630	NEVERS	TAX/AD VALOREM - Provides for the fair market value of property held for residential development for property tax purposes. (gov sig) (OR DECREASE LF RV See Note)
	SB680	SHAW	TAX/TAXATION - Provides relative to the due date of corporation income tax returns and payments for nonprofit organizations. (8/15/10) (EN NO IMPACT GF RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT