Senate Committee on Revenue and Fiscal Affairs
May 17, 2010
1:00 pm
John J. Hainkel, Jr. Room

Adjourned
 



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

ROLL CALL

APPROVAL OF MINUTES: MAY 3, 2010

LEGISLATION TO BE CONSIDERED
 SB60MORRELLTREASURY DEPARTMENT - Provides that chairman of the State Bond Commission be elected by the members of the commission. (8/15/10) (OR NO IMPACT GF EX See Note)
 SB292DONAHUECAPITAL OUTLAY - Constitutional amendment to require that at least 60% of capital outlay appropriation is for road and bridge construction and maintenance and at least 20% for deferred maintenance on state buildings for next five years. (2/3 CA13s1(A)) (OR SEE FISC NOTE GF EX)
 SB432MARIONNEAUXTAX/TAXATION - Constitutional amendment to repeal severance taxes upon oil and gas and to allow the levy of a tax upon hydrocarbon processing and to require a dedication of the first use of such taxes to replace constitutional dedications of severance tax and to require the distribution of the remainder for state highways or bridges, the Coastal Protection and Restoration Fund, and to or for the use of schools, colleges and universities, and other post secondary education institutions. (2/3-CA13sl(A)) (EG INCREASE SD RV See Note)
 SB500MARIONNEAUXTAX/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)
 SB567MORRISHTAX/TAXATION - Allows a taxpayer who is subject to any collection procedure for local sales tax, or whose request for a refund of such tax has been denied by a collector, to initiate a mandatory, binding, arbitration proceeding. (See Act) (RE SEE FISC NOTE LF EX)
 SB707ALARIOTAX/LOCAL - Provides for the definition of contractor for purposes of the occupational license tax in certain parishes. (8/15/10) (EN DECREASE LF RV See Note)
 SB752LONGCOLLEGES/UNIVERSITIES - Creates and provides for the Louisiana Centers of Excellence Financing Corporation and authorizes the issuance of bonds to finance the construction of centers of excellence. (2/3-CA7s9(F)) (8/15/10) (EN NO IMPACT See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT