Senate Committee on Revenue and Fiscal Affairs
May 2, 2016
12:30 pm
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised April 28, 2016, 4:08 pm *
Revision Notes: Added: HB783 & HB794

 



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

ROLL CALL

MINUTES TO BE APPROVED:
 April 25, 2016

LEGISLATION TO BE CONSIDERED
 HB783ABRAMSONTAX/TAX REBATES - Relative to the Louisiana Quality Jobs Program (EN DECREASE GF RV See Note)
 HB794ABRAMSONTAX/TAX REBATES - Provides relative to the Competitive Projects Payroll Incentive Program (EN DECREASE GF RV See Note)

DISCUSSION: TAX EXPENDITURES
 ITEMS DEFERRED FROM APRIL 11, APRIL 18 AND APRIL 25.
 - Deduction for Employment of Qualified Disabled Individuals, R.S. 47:297.13
 - Employment-related expenses for maintaining households for certain disabled dependents, R.S. 47:297.2
 - Employment of Certian first-time non-violent offenders, R.S. 47:297 (O) & 287.752
 - Employment of Certain First Time Drug Offenders, R.S. 47:297 (K)
 - Employment of the previously unemployed, R.S. 47:6004
 - Louisiana Basic Skills Training, R.S. 47:6009
 - Apprenticeship tax credit, R.S. 47:6033
 - New Jobs, R.S. 47:34 & 287.749
 - Hiring Eligible Re-entrants, R.S. 47:287.748
 - Interest on State and Local Obligations, R.S. 47:287.71 (B)(4) & 47:293 (9)(b)
 - Deduction for I.R.C. Section 280 (C) wage expense, R.S. 47:287.73 (C)(4) & 47:293 (9)(a)(ix)
 - Deduction for Interest Income and Dividend Income, R. S. 47:287.738 (F)
 - $6,000 annual retirement income, R.S. 47:44.1 (A)
 - Disability Income, R.S. 47:44.1 (B)
 - Social Security Benefits, R.S. 47:44.2
 - Certain Disabilities, R.S. 47:297 (A)
 ALL INDIVIDUAL INCOME TAXPAYERS
 - Dependent Exemption, R.S. 47:79 (B) & 294 (B)
 - Excess federal Itemized Deductions, R.S. 47:293 (3)
 - Personal Exemption-Standard Deduction, R.S. 47:294 (A)
 - Net income taxes paid to other states, R.S. 47:33
 - Federal Income Tax Deduction, La. Const., art. VII, Part 1, Section 4(A), R.S. 47:55, 241, 287.85, 293 (4) & 293 (9)
 - Interest on United States Government Obligations, 31 U.S.C. Section 3124 (a), R.S. 47:293
 - Native American Income, 18 U.S.C., Section 1162, R.S. 47:293
 - (*For additional information regarding Tax Expenditures use the following link : http://senate.la.gov/Revenue&Fiscal/Default.asp**)


CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT