Senate Committee on Revenue and Fiscal Affairs
May 25, 2016
Upon Adjournment
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised May 25, 2016, 10:17 am *
Revision Notes: Removed: HB426 Added: HB1120, HB1129 Added: EXPENDITURES DEFERRED FROM MAY 24, 2016

 



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

ROLL CALL

LEGISLATION TO BE CONSIDERED
 HB1120SCHRODERTAX/TAXATION - Creates the Louisiana Tax Institute within the Dept. of Revenue as an advisory body on tax related matters (REF INCREASE GF EX See Note)
 HB1129STOKESTAX/SALES & USE - Establishes a procedure for coordinated audits of certain dealers who collect state and local sales and use taxes in multiple parishes (RE SEE FISC NOTE GF RV See Note)

DISCUSSION:
 HB2 - Public Comment/Testimony

DISCUSSION (EXPENDITURES): DEFERRED FROM MAY 24, 2016
 SALES TAX EXPENDITURES RELATED TO MANUFACTURING
 - Purchases of certain machinery and equipment used to produce a news publication, R.S. 47:301(3)(i)(ii)(aa)(I)(eee) & 301 (3)(i)(ii)(bbn)(III)
 - Purchases of Electric Power and Natural Gas by Paper or Wood Products Manufacturing Facilities, R.S. 47:301(3)(j) and 13(m), R.S. 47:302 (T), 321(J) and 331 (R) - repealed by Acts 2007, No. 471
 - Certain Transactions involving the Construction or Overhaul of U.S. Navy Vessels, R.S. 47:301(7)(c), R.S. 301(14)(h)
 - Property used in the manufacture, production, or extraction of unblended diesel, R.S. 47:301 (7)(j), R.S. 47:301(10)(y), R.S. 47:301(18)(k)
 - Leases or rentals of pallets used in packaging products produced by a manufacturer, R.S. 47:301 (7)(l)
 - Natural gas used in the production of iron, R.S. 47:301(10)(c)(i)(bb)
 - Electricity for chlor-alkali manufacturing process, R.S. 47:301 (10)(c)(ii)(aa)
 - Pollution control devices and systems, R.S. 47:301(10)(l)
 - Certain aircraft assembled in Louisiana, R.S.47:301(10)(m)
 - Pelletized paper waste used in a permitted boiler, R.S. 47:301 (10)(n)
 - Purchases by motor vehicle manufacturers, R.S. 47:301 (16)(m)
 - Purchases by Glass Manufacturers, R.S. 47:301(16)(m)(i)
 - Use tax on residue or byproducts consumed by the producer, R.S. 47:301(18)(d)(ii)
 - Energy Sources Used as Boiler Fuel, Except Refinery Gas, R.S. 47:305(D)(1)(h)
 
 OIL AND GAS RELATED EXPENDITURES:
 - Installation of board roads to oil-field operators, R.S. 47:301 (3)(c)
 - Sales of Anthropogenic Carbon Dioxide use in Qualified Tertiary Recovery Projects, R.S. 47:301(10)(gg), R.S. 47:301(18)(p)
 - Repairs, renovations or conversions of drilling rigs, R.S. 47:301 (14)(g)(iii)
 - Repairs and Materials Used on Drilling Rigs and Equipment, R.S. 47:305(I)
 - Injection - Natural Gas, R.S. 47:633(9)(e)(i)
 - Produced Outside the State of Louisiana, Natural Gas, R.S. 47:633(9)(e)(ii)
 - Flared or Vented - Natural Gas, R.S. 47:633(9)(e)(iii), R.S. 47:633(9)(e)(vi)
 - Consumed in Field Operations - Natural Gas, R.S. 47:633(9)(e)(iv)
 - Consumed in the Production of Natural Resources in the State of Louisiana - Natural Gas, R.S. 47:633(9)(e)(v)
 - Horizontal Wells, Natural Gas, R.S. 47:633(7)(c)(iii)
 - Used in Manufacture of Carbon Black - Natural Gas, R.S. 47:633(9)(e)(vii)
 - Inactive Wells - Natural Gas, R.S. 47:633(7)(c)(iv)
 - Deep Wells - Natural Gas, R.S. 47:633(9)(d)(v)
 - Incapable Oil-Well Gas - Natural Gas, R.S. 47:633(9)(b)
 - Incapable gas - Well Gas - Natural Gas, R.S. 47:633(9)(c)
 - Trucking, Barging, and Pipeline Fees - Oil, R.S. 47:633(7)(a)
 - Horizontal Wells - Oil, R.S. 47:433(7)(c)(iii)
 - Inactive Wells - Oil, R.S. 47:633(7)(c)(iv)
 - Deep Wells - Oil, R.S. 47:633(9)(d)(v)
 - Tertiary Recovery Incentive - Oil, R.S. 47:633.4
 - Incapable Oil, R.S. 47:633(7)(b)
 - Stripper Oil, R.S. 47:633(7)(c)(i)(aa)
 - Stripper Oil -Value Less than $20 per Barrel, R.S. 47:633(c)(i)(bb)
 - Salvage Oil, R.S. 47:648.21
 - Horizontal Mining and Drilling Projects, R.S. 47:633(7)(c)(ii)(aa) and (cc)
 - Produced Water Injection Incentive, R.S.47:633.5 (C)
 - Owned and Severed by Political Subdivisions, R.S. 47:632(B)
 - Louisiana Mega - Project Energy Assistance Rebate, R.S. 51:2367

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT