Senate Committee on Revenue and Fiscal Affairs
May 21, 2009
12:30 pm
Room E

* Agenda Revised May 20, 2009, 3:53 pm *
Revision Notes: Meeting Time: 12:30 P.M.


  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
 **Click on an instrument for additional information.  Click on an author for the author's home page.




 SB335L.JACKSONTAX/INCOME/PERSONAL - Retains the deduction for excess federal itemized personal deduction at 65% for 2009, 2010, and 2011; provides a 100% deduction on and after January 1, 2012. (gov sig) (RE +$118,000,000 SD RV See Note)
 SB336L.JACKSONTAX/INCOME/PERSONAL - Revises the rates and brackets for personal income tax.(gov sig) (OR +$239,000,000 GF RV See Note)
 SB21MARIONNEAUXFUNDS/FUNDING - Constitutional amendment to increase the maximum severance tax which is allocated to parishes from $850,000 to $2,850,000 in any fiscal year in which the Rev. Est. Conf. recognizes an increase in such taxes from the amount in FY 08-09 and require up to $10 million of such severance taxes on state lands in the Atchafalaya Basin to be deposited into the Atchafalaya Basin Conservation Fund each fiscal year starting in FY 10-11. (2/3 - CA13s1(A)) (RE1 SEE FISC NOTE GF RV See Note)
 SB26N.GAUTREAUXTAX/TAXATION - Provides relative to tax credits for the cost of qualified clean-burning motor vehicle fuel property. (gov sig) (EN -$164,000 GF RV See Note)
 SB76MICHOTTAX EXEMPTIONS - Grants an exemption from state sales tax on any property which contains a domed arena facility and adjacent and connected facilities which is under the jurisdiction of certain political subdivisions or any commission of such political subdivisions if the domed arena has a seating capacity of at least 12,500 and is located within certain parishes. (gov sig) (EG -$200,000 GF RV See Note)
 SB92N.GAUTREAUXTAX/TAXATION - Provides for the taxpayers who may claim the wind or solar energy systems tax credit and to require the disclosure of a previously claimed tax credit. (gov sig) (EG DECREASE GF RV See Note)
 SB114NEVERSTAX/TAXATION - Repeals a requirement that the Workforce Development Commission provide the Department of Revenue an annual list of businesses which participate in the registered apprenticeship tax credit program and the number of eligible employees employed. (gov sig) (EN NO IMPACT GF RV See Note)
 SB147MURRAYTAX/TAXATION - Increases the number of allowable transfers of the tax credit generated by the rehabilitation of historic structures. (gov sig) (EN NO IMPACT GF RV See Note)
 SB163MARIONNEAUXTAX/INCOME/PERSONAL - Deletes a requirement that, to obtain the deduction for elementary and secondary school expenses, payments for school uniforms, certain instructional materials, and school supplies, the payment must be made to public schools; requires actual payment to obtain the deduction; and limits the deduction to $5,000 per student. (gov sig) (EG1 NO IMPACT GF RV See Note)
 SB194BROOMETAX/TAXATION - Provides for a tax credit against the corporate income tax and the corporation franchise tax for employers who allow parental involvement in schools during working hours. (gov sig) (EN DECREASE GF RV See Note)
 SB207ADLEYTAX/AD VALOREM - Removes the limitation on certain active and retired military personnel receiving the "special assessment level" because their income is above a certain limit. (See Act) (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV)
 SB221BROOMETAX/TAXATION - Establishes the State Housing Tax Credit Program to authorize the LHFA to determine which projects receiving reservations or allocations of federal low income housing tax credits shall receive refundable state income tax credits. (gov sig) (EN -$250,000 GF RV See Note)
 SB228GRAY EVANSTAX/TAXATION - Grants a tax credit for certain low-income homeowners who are residential lessees, not to exceed $330. (gov sig) (EG -$495,000 GF RV See Note)
 SB236N.GAUTREAUXTAX/TAXATION - Requires the Department of Revenue to pay the same interest and penalty on late refunds that are charged for delinquent taxes. (7/1/09) (OR SEE FISC NOTE GF EX)
 SB268DONAHUETAX/TAXATION - Provides with respect to employment of private counsel by state and local tax collectors and provides more alternative remedies to taxpayers in lieu of paying local sales tax assessments under protest. (gov sig) (EN INCREASE GF EX See Note)
 SB274ADLEYTAX/TAXATION - Creates the Louisiana Entrepreneurial Assistance and Development (LEAD) Program which grants a tax reduction to insurance companies of 80% of the amount of an OFI-approved investment in an approved issuer, limited to approval of investments of no more than $200 million. (gov sig) (OR -$32,000,000 GF RV See Note)