Senate Committee on Revenue and Fiscal Affairs
May 9, 2016
10:30 am
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

MINUTES TO BE APPROVED:
 May 2, 2016

LEGISLATION TO BE CONSIDERED
 HB610ABRAHAMTAX/AD VALOREM TAX - Prohibits the inclusion of the value of certain federal tax credits and special financing provisions when determining the fair market value of certain property for purposes of tax assessment (EN SEE FISC NOTE LF RV See Note)
 HB795STOKESTAX EXEMPTIONS - Provides relative to the organization of the Tax Exemption Budget (EN NO IMPACT GF EX See Note)
 HB978DANAHAYTAX/TAXATION - Provides for administration, disposition, enforcement, and adjudication of state and local taxes under the jurisdiction of the Board of Tax Appeals (EN -$32,000 LF RV See Note)

PRESENTATION:
 Office of Facility Planning, Overview of Capital Outlay, HB2 Regular Session.

REVIEW: TAX EXPENDITURES - CORPORATE INCOME AND FRANCHISE TAX DEDUCTIONS AND CREDITS.
 - Bank-holding Corporations, R.S. 47:602 (B)
 - Public- Utility Holding Corporations, R.S. 47:602 (C)
 - Public Water Utility Companies, R.S. 47:602 (D)
 - Members of Controlled Groups that include a Telephone Corporation, R.S. 47:602 (E)
 - Insurance Holding Corporations, R.S.47:602 (F)
 - Regulated Utility Companies, R.S. 47:605 (C) and 606 (E)
 - Insurance Company Premium Tax, R.S. 47:227
 - Credit for debt Issuance Cost, R.S. 47:6017
 - Purchase of Qualified New Recycling Manufacturing or Process Equipment and/or Service Contracts, R.S. 47:6005
 - Cash Donations to Dedicated Research Investment Fund, R.S. 51:2203
 - Certain refunds issued by utilities, R.S. 47:265 and 287.664
 - Rehabilitation of Historic Structures, R.S. 47:6019
 - Louisiana Community Development Financial Institutions Act, R.S. 51:3085
 - Low-income Housing, R.S. 47:12
 - Inventory Tax/Ad Valorem Tax Credit, R.S. 47:6006
 - Ad Valorem Tax on Natural Gas, R.S. 47:6006
 - Ad Valorem Tax Credit for Offshore Vessels, R.S. 47:6006.1
 - Ad Valorem Tax Paid by Certain Telephone Companies, R.S. 47:6014
 - Purchaes for Prison Industry Enhancement Contractors, R.S. 47:6018
 - (*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