Agenda - Ways and Means

House Committee on Ways and Means
February 19, 2016 9:00 am Room 6
Adjourned

BLUE = already considered. RED = currently being considered. BLACK = not yet considered.
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CALL TO ORDER
ROLL CALL
DISCUSSION OF LEGISLATION
		HCR3	HAVARD	TAX/SALES-USE-EXEMPT - Urges and requests the Department of Revenue to reexamine their revenue ruling determination that a certain rate reduction and tax exemption is applicable to sellers of nonprepared foods
		HB16	LEGER	TAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5)
		HB19	JAMES	TAX/CORP FRANCHISE - Provides relative to the entities to which corporate franchise tax applies (Item #28) (EN +$10,340,000 GF RV See Note)
		HB20	BROADWATER	TAX/CORP INCOME - Provides relative to the net operating loss deduction for corporate income tax (Item #5) (EN SEE FISC NOTE GF RV See Note)
		HB22	JACKSON	TAX/TAX REBATES - Repeals the three-year sunset of certain reductions to tax rebates (Item #11) (EN SEE FISC NOTE GF RV See Note)
		HB23	JACKSON	TAX/CORP INCOME - Repeals three-year sunset of certain reductions to corporate income tax deductions, exemptions, and exclusions (Item #12) (RE1 SEE FISC NOTE GF RV See Note)
		HB24	JACKSON	TAX CREDITS - Repeals the three-year sunset of certain reductions to income and corporation franchise tax credits (Item #10) (EN NO IMPACT GF RV See Note)
		HB25	JACKSON	TAX/CORP INCOME - Provides relative to the net operating loss deduction for corporate income tax (Item #12) (OR INCREASE GF RV See Note)
		HB35	MORRIS	TAX CREDITS - Increases the refundable amount of the tax credit for local inventory taxes paid to political subdivisions (Item #31) (OR -$20,000,000 GF RV See Note)
		HB36	MORRIS	TAX/CORP INCOME - Reduces the rates and modifies the brackets for purposes of calculating corporate income tax liability (Item #3) (OR DECREASE GF RV See Note)
		HB37	BACALA	TAX CREDITS - Accelerates the termination date for the solar energy systems tax credit (Item #26) (OR SEE FISC NOTE GF RV)
		HB46	JAMES	TAX CREDITS - Reduces the amount of certain ad valorem tax credits and provides for the carry forward rather than the refund of a certain portion of excess credit amounts (Item #31) (EG +$48,000,000 GF RV See Note)
		HB47	JAMES	TAX CREDITS - Reduces the amount of certain ad valorem tax credits and provides for the carryforward rather than the refund of a certain portion of excess credit amounts (Item #31) (EG +$48,000,000 GF RV See Note)
		HB50	ABRAMSON	TAX/CORP INCOME - Provides relative to the state taxation of corporations (Items #3 and 19) (OR DECREASE GF RV See Note)
		HB54	BROADWATER	TAX/SALES & USE - Requires the advance payment of sales tax (Item #35) (EG1 SEE FISC NOTE GF RV)
		HB55	LEGER	TAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (EN INCREASE GF RV See Note)
		HB57	STOKES	TAX CREDITS - Repeals three-year sunset on certain eligibility requirements relative to the income tax credit for net taxes paid to other states (Item #13) (EGF DECREASE GF RV See Note)
		HB58	JACKSON	TAX/CORP INCOME - Provides relative to the apportionment formula for computing corporate income tax (Item #5) (OR SEE FISC NOTE GF RV)
		HB59	MORENO	TAX/SALES-USE, STATE - Provides relative to imposition of the state sales and use tax on hotels (Items #9 and 30) (EN INCREASE SD RV See Note)
		HB60	HAVARD	TAX/SALES-USE-EXEMPT - Provides with respect to the sales of certain food and beverages at convenience stores (Item #36) (OR INCREASE GF RV See Note)
		HB61	MORRIS	TAX/SALES & USE - To provide with respect to the applicability of certain exclusions and exemptions from state sales and use taxes (EN +$272,300,000 GF RV See Note)
		HB62	JACKSON	TAX/SALES-USE, STATE - Impose a one cent sales and use tax (Item #9) (EN +$880,600,000 GF RV See Note)
		HB64	MONTOUCET	TAX/SALES-USE, ST-EXEMPT - Provides for the extent of the state sales and use tax exemption for business utilities (Items #9 and 36) (EG +$238,200,000 GF RV See Note)
		HB65	MONTOUCET	TAX/SALES & USE - Requires the advance payment of sales tax (Item #35) (OR INCREASE GF RV See Note)
		HB72	SHADOIN	TAX/SALES-USE, STATE - Increases the state sales tax on telecommunications services (Item #24) (EN +$2,200,000 GF RV See Note)
		HB73	MORRIS	TAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (OR INCREASE GF RV See Note)
		HB74	MORRIS	TAX/CORP INCOME - Provides for methods of determining income subject to the corporation income tax (Item #5) (OR INCREASE GF RV See Note)
		HB75	STOKES	TAX/INCOME TAX - Changes the rates and brackets for purposes of calculating individual income tax liability and eliminates certain deductions (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
		HB76	STOKES	TAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid for purposes of computing individual and corporate income taxes and references to the maximum amount of individual income tax rates and brackets (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
OTHER BUSINESS
	MORNING: Various state agencies brief the committee
	AFTERNOON: Various state agencies brief the committee
ANNOUNCEMENTS