Senate Committee on Revenue and Fiscal Affairs
May 27, 2019
10:30 A.M.
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:
 Meeting: May 20, 2019

LEGISLATION TO BE CONSIDERED
 SR179RISERMEDICAID - Requests the legislative auditor to review and report on the 1,692 Medicaid recipients who reported income in excess of $100,000 on their 2017 calendar year income tax returns.
 HB43JIMMY HARRISTAX/HOTEL OCCUPANCY - Authorizes the governing authority of the city of New Orleans to levy a tax on short term rentals of overnight lodging (EN +$10,500,000 LF RV See Note)
 HB72BACALALEGISLATIVE AUDITOR - Authorizes the legislative auditor to access data from the Department of Revenue for the purpose of auditing state-operated or state-administered programs (RE INCREASE SG EX See Note)
 HB82DEVILLIERELECTIONS/BOND & TAX - Requires disclosure and publication of costs for bond, debt, and tax elections (EN SEE FISC NOTE GF EX See Note)
 HB179JIM MORRISFIRE PROTECTION - Authorizes Caddo Parish Fire District No. 3 to levy and collect a sales and use tax (EN +$623,000 LF RV See Note)
 HB234MIGUEZTAX/AD VALOREM-EXEMPTION - (Constitutional Amendment) Extends the ad valorem tax exemption for raw materials, goods, commodities, and other property to property destined for the Outer Continental Shelf (EN SEE FISC NOTE LF RV See Note)
 HB263STOKESTAX/CORP INCOME - Provides relative to loss years for purposes of the net operating loss deduction for corporate income tax (EN DECREASE GF RV See Note)
 HB265DEVILLIERREVENUE/TAXATION DEPT - Authorizes the payment of refunds for the overpayment of taxes as a result of an unconstitutional law, invalid rule, or misinterpretation of a law, rule, or regulation (RE DECREASE GF RV See Note)
 HB274GARY CARTERTAX CREDITS - Establishes a tax credit pilot program for certain Louisiana-based manufacturing industries (RE1 -$1,000,000 GF RV See Note)
 HB280MCFARLANDTAX CREDITS - Authorizes an income tax credit for certain primary care physician assistants (RE -$60,000 GF RV See Note)
 HB301MIGUEZTAX/AD VALOREM-EXEMPTION - Extends the ad valorem tax exemption for raw materials, goods, commodities, and other property to certain property destined for the Outer Continental Shelf (EN SEE FISC NOTE LF RV See Note)
 HB361JORDANTAX/INSURANCE PREMIUM - Provides for the disposition of the taxes collected on certain surplus lines of insurance (RE1 -$15,100,000 GF RV See Note)
 HB413MIGUEZBANKS/BANKING - Provides that it shall be unlawful discrimination for a financial institution to refuse to provide services to any party because of the party's lawful engagement in commerce of firearms and ammunition (RE SEE FISC NOTE SG EX)
 HB444MCFARLANDTAX CREDITS - Establishes the La. Rural Jobs Act Tax Credit Program and authorizes a tax credit for rural growth investments made by rural growth funds (RE1 -$56,000,000 GF RV See Note)
 HB466DAVISPROPERTY/RIGHTS - Provides relative to notice requirements for property that is subject to tax sales (REC SEE FISC NOTE LF EX)
 HB480DAVISTAX CREDITS - Extends the sunset of the research and development tax credit (EG -$1,000,000 GF RV See Note)
 HB496ABRAMSONCAPITAL OUTLAY - Establishes the Unclaimed Property Revolving Loan Commission to provide financial assistance to local governments and political subdivisions for certain capital infrastructure projects (RE INCREASE SG EX See Note)
 HB497ABRAMSONCAPITAL OUTLAY - Prohibits the disposal or sale of projects funded through the capital outlay budget under certain circumstances (EN SEE FISC NOTE GF RV See Note)
 HB547ABRAMSONTAX/SALES & USE - Provides relative to collection of sales tax on remote sales (EN SEE FISC NOTE GF EX See Note)
 HB556HODGESTAX/TAX REBATES - Establishes a state sales and use tax rebate for purchases of materials used to elevate homesteads above the base flood elevation (RE DECREASE GF RV See Note)
 HB560ABRAMSONTAX/EXCISE - Authorizes the imposition of tax on industrial hemp-derived CBD products (EN +$610,000 GF EX See Note)
 HB585JIMMY HARRISTAX/AD VALOREM-EXEMPTION - Adds structures located in opportunity zones to the property eligible to participate in the Restoration Tax Abatement program (EN SEE FISC NOTE LF RV See Note)
 HB586JIMMY HARRISTAX CREDITS - Authorizes an enhanced Angel Investor tax credit for investments made in Louisiana Entrepreneurial Businesses located in federally established opportunity zones (EG -$500,000 GF RV See Note)
 HB596STEFANSKITAX/SALES-USE-EXEMPT - Defines a commercial farmer for purposes of certain sales and use tax exemptions (EN SEE FISC NOTE GF RV See Note)
 HB597STEFANSKITAX/SALES & USE - Authorizes a state and local sales and use tax exclusion for certain re-leases or re-rentals of items of tangible personal property (RE DECREASE GF RV See Note)
 HB600TALBOTTAX/GAMING - Levies a state tax on the net gaming proceeds of fantasy sports contests, and authorizes a fee for issuance of certain licenses or permits (RE2 +$346,500 SD EX See Note)
 HB603STEFANSKITAX/SALES-USE-EXEMPT - Exempts certain business utilities from state sales and use taxes (RE -$62,000,000 GF RV See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT