Senate Committee on Revenue and Fiscal Affairs
April 25, 2016
12:30 pm
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised April 22, 2016, 1:56 pm *
Revision Notes: Removed: SB442

 



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

ROLL CALL

MINUTES TO BE APPROVED:
 April 18, 2016

LEGISLATION TO BE CONSIDERED
 HB755ABRAMSONSUNSET LAW - Re-creates the Department of Revenue (EN NO IMPACT GF EX See Note)
 HB783ABRAMSONTAX/TAX REBATES - Relative to the Louisiana Quality Jobs Program (EN DECREASE GF RV See Note)
 HB794ABRAMSONTAX/TAX REBATES - Provides relative to the Competitive Projects Payroll Incentive Program (EN DECREASE GF RV See Note)

DISCUSSION: TAX EXPENDITURES
 RELATED TO EMPLOYEMENT AND HIRING - OTHER THAN THOSE MANAGED BY LOUISIANA ECONOMIC DEVELOPMENT
 - Deduction for Employment of Qualified Disabled Individuals, R.S. 47:297.13
 - Earned Income Tax Credit, R.S. 47:297.8
 - Employment-related Expenses for Maintaining Households for Certain Disabled Dependents, R.S. 47:297.2
 - Employment of Certain First- time Nonviolent Offenders, R.S. 47:297(0) and 287.752
 - Employment of Certain First Time Drug Offenders, R.S. 47:297(K)
 - Employment of the previously unemployed, R.S. 47:6004
 - Louisiana Basic Skills Training, R.S. 47:6009
 - Apprenticeship Tax Credit, R.S. 47:6033
 - New Jobs, R.S. 47:34 and 287.749
 - Hiring Eligible Re-entrants, R.S. 47:287.748
 BUSINESS INCOME - EXEMPTIONS AND DEDUCTIONS (DEFERRED FROM APRIL 18, 2016)
 - Interest on State and Local Obligations, R.S. 47:287.71(B)(4) and 47:293(9)(b)
 - Louisiana Net Operating Loss, R.S. 47:287.86
 - Deduction for I.R.C. Section 280(C) Wage Expense, R.S. 47:287.73(C)(4) and 47:293(9)(a)(ix)
 - Deduction for Interest Income and Dividend Income, R.S. 47:287.738 (F)
 - S Bank Income Exclusion, R.S. 47:297.3, 47:300.6(B)(2)(d), and 47:300.7(C)(2)(c)
 - Deduction for Net Capital Gains, R.S. 47:293(9)(a)(xvii)
 RETIREMENT AND DISABILITY (DEFERRED FROM APRIL 11, 2016)
 - $6,000 Annual Retirement Income, R.S. 47:44.1(A)
 - Disability Income, R.S. 47:44.1(B)
 - Federal Retirement Benefits, R.S. 47:44.2, Davis v. Michigan Dept. of Treasury, 489 US 803 (1989)
 - Social Security Benefits, R.S. 47:44.2
 - Certain Disabilities, R.S. 47:297 (A)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT