Senate Committee on Revenue and Fiscal Affairs
April 29, 2013
10:00 am
John J. Hainkel, Jr. Room
Adjourned
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.
CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES OF PRIOR MEETING:
April 22, 2013
LEGISLATION TO BE CONSIDERED
SB37
SMITH
TAX/TAXATION
- Authorizes for corporations a net operating loss carryback of 5 years if the loss is attributable to Hurricane Isaac. (see Act) (EN DECREASE GF RV See Note)
SB56
MORRELL
TAX/AD VALOREM
- Constitutional amendment to exclude owners who are permanently totally disabled from the requirement that they annually certify to the assessor the amount of their adjusted gross income in order to receive the Special Assessment Level. (1/1/15) (2/3-CA13s1(A)) (EN DECREASE LF RV See Note)
SB74
JOHNS
TAX/AD VALOREM
- Constitutional amendment to remove the income limit on persons age 65 or older receiving a special assessment on residential property. (1/1/15) (2/3-CA13s1(A)) (EG SEE FISC NOTE LF RV See Note)
SB82
FRED MILLS
TAX/SALES
- Phases in an exemption from local sales tax on certain inhibitors and complex biologics if the Revenue Estimating Conference estimates a certain percentage increase in state general sales tax. (7/1/13) (OR -$5,000,000 LF RV See Note)
SB102
BUFFINGTON
TAX EXEMPTIONS
- Provides exemptions from sales and use tax levied for certain VEGF inhibitors and certain complex biologics. (7/1/13) (OR -$5,000,000 LF RV See Note)
SB106
PEACOCK
TAX/TAXATION
- Requires deduction and withholding of oil and gas proceeds of out-of-state entities. (gov sig) (OR SEE FISC NOTE GF RV)
SB144
MORRELL
TAX EXEMPTIONS
- Provides for renewal of certain sales tax exemption certificates. (1/1/14) (EN SEE FISC NOTE GF RV See Note)
SB158
MORRELL
TAX/TAXATION
- Provides relative to wind or solar tax credits. (8/1/13) (OR NO IMPACT GF RV See Note)
SB169
WALSWORTH
TAX EXEMPTIONS
- Provides an exemption from sales tax on the sale of meals to staff, patients and residents of nursing homes, adult residential care providers, and continuing care retirement communities. (gov sig) (EN SEE FISC NOTE LF RV See Note)
SB211
LONG
TAX/TAXATION
- Provides income tax credits under the Beginning Farmer and Fisherman Income Tax Credit Program. (gov sig) (EG -$400,000 GF RV See Note)
SB234
MORRELL
TAX/TAXATION
- Authorizes the issuance of New Market Jobs Tax Credits. (8/1/13) (OR -$50,000,000 GF RV See Note)
SB244
RISER
TAX/TAXATION
- Authorizes the issuance of New Market Jobs Tax Credits. (8/1/13) (OR -$50,000,000 GF RV See Note)
SB250
MORRELL
TAX/INCOME/PERSONAL
- Provides for donations from personal income tax for the Louisiana Coalition Against Domestic Violence, Inc., through a checkoff box on state income tax returns. (8/1/13) (EN NO IMPACT GF RV See Note)
SB254
CLAITOR
TAX/TAXATION
- Repeals the Procurement Processing Company Rebate Program. (gov sig) (OR NO IMPACT See Note)
SB255
CLAITOR
TAX/TAXATION
- Limits the solar energy systems tax credit to one for each residence or for each dwelling unit in a residential rental apartment project. (gov sig) (EG1 SEE FISC NOTE GF RV)
SB256
CLAITOR
TAX/TAXATION
- Prohibits the alternative fuel tax credit for certain flexible fuel vehicles. (gov sig) (EN NO IMPACT GF RV See Note)
SB257
CLAITOR
TAX/SALES
- Provides for modifications of enterprise zone contracts with respect to tax credits granted. (7/1/13) (OR INCREASE GF RV See Note)
SB258
CLAITOR
TAX/TAXATION
- Authorizes the Department of Revenue to appeal to the Louisiana Tax Commission regarding the value of an assessment of inventory for purposes of the inventory tax credit. (gov sig) (OR INCREASE GF EX See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT