Senate Committee on Revenue and Fiscal Affairs
June 14, 2016
1:30 pm
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised June 13, 2016, 6:39 pm *
Revision Notes: ADDED: TIME - 1:30 P.M. ADDED: LEGISLATION TO BE CONSIDERED - SB2, SB3, SB5, SB6, SB8 & SB9 ADDED TO DISCUSSION ITEMS: SB12, SB13 & SB14

 



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

ROLL CALL

LEGISLATION TO BE CONSIDERED
 SB2MORRELLTAX/TAXATION - Provides for interest paid on refunds of tax overpayments. (Item No. 45) (7/1/16) (RE +$16,300,000 GF RV See Note)
 SB3MORRELLTAX/TAXATION - Provides with respect to exemptions from state sales tax. (Item Nos. 7-35) (7/1/16) (RE DECREASE GF RV See Note)
 SB5CHABERTTAX EXEMPTIONS - Legislates with regard to sales of butane, propane, or other liquified petroleum gases for private, residential consumption. (7/1/16)(Item No. 34) (EG DECREASE GF RV See Note)
 SB6MORRELLTAX/AD VALOREM - Provides for the carry forward rather than the refund of a certain portion of the tax credit for ad valorem taxes paid on inventory. (gov sig) (Item #47) (EN +$17,300,000 GF RV See Note)
 SB8MORRELLTAX/TAXATION - Provides for the operability of the tax credit for Citizens Property Insurance Corporation 2005 assessment. (gov sig) (Item Nos. 46 and 47) (EG +$17,000,000 GF RV See Note)
 SB9MORRELLTAX/SALES - Provides for a definition of isolated and occasional sales for sales and use tax. (7/1/16) (Item No. 16) (RE INCREASE GF RV See Note)

LEGISLATION TO BE DISCUSSED PENDING SENATE INTRODUCTION AND REFERRAL TO THE SENATE REVENUE & FISCAL AFFAIRS.
 SB12 MORRELL (TBA) TAX/TAXATION Provides for the modification of the sales and use tax exemption for domed stadium facilities, baseball facilities, and other publicly owned facilities. (Item
#35)(gov sig)
 SB13 MORRELL (TBA) TAX/TAXATION Legislates with regard to the net capital gains deduction. (gov sig) (Item No. 41)
 SB14 MORRELL (TBA) CAPITAL OUTLAY. Provides for the Omnibus Bond Act (gov sig) (Item #4)
 HB2 ABRAMSON (TBA) CAPITAL OUTLAY Provides for the comprehensive Capital Outlay budget (Item #3)
 HB20 REYNOLDS (TBA) TAX/CORP INCOME Provides relative to the apportionment ratio for purposes of computing corporate income tax and provides for the sourcing of sales (Item #44) (EG INCREASE GF RV See Note)
 HB24 ANDERS (TBA) TAX/INSURANCE PREMIUM Provides relative to the insurance premium tax credit (Item #6) (EG -$1,300,000 GF RV See Note)
 HB25 LYONS(TBA) TAX/INCOME-CREDIT Reduces the amount of the income tax credit for the Louisiana Citizens Property Insurance Corporation Assessment and makes the reduction permanent (Item #46) (EG +$17,000,000 GF RV See Note)
 HB29 PRICE(TBA) REVENUE DEPARTMENT Provides relative to the calculation of interest on certain overpayments (Item #45) (RE +$16,300,000 GF RV See Note)
 HB35 ANDERS (TBA) TAX/INSURANCE PREMIUM Establishes the annual tax on health maintenance organizations (Item #5) (EG +$139,500,000 SD RV See Note)
 HB47 BROADWATER (TBA) TAX/CORP INCOME Provides with respect to the net operating loss deduction for corporate income tax (Item #37) (EG NO IMPACT GF RV See Note)
 HB51 JIM MORRIS (TBA) TAX/SALES-USE, STATE Provides with respect to the effectiveness of certain exclusions and exemptions from state sales and use taxes (Items #7-34) (RE DECREASE GF RV See Note)
 HB52 ABRAMSON (TBA) CAPITAL OUTLAY Provides with respect to the execution and administration of capital outlay appropriations for Fiscal Year 2016-2017 (Item #3)
 HB53: ABRAMSON (TBA) TAX Provides with respect to sales of certain services and tangible personal property at certain publicly owned facilities (Item #35) (EG INCREASE GF RV See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT