Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
May 4, 2015 1:00 pm 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:
	April 20, 2015
DISCUSSION:
LEGISLATION TO BE CONSIDERED
		SB155	DONAHUE	TUITION - Constitutional amendment to authorize the postsecondary education management boards to establish tuition and fee amounts charged by institutions under their supervision and management. (2/3-CA13sl(A)) (RR INCREASE SG RV See Note)
		SB234	DONAHUE	TAX/TAXATION - Makes certain food businesses and any retail business except grocery stores and pharmacies with a certain number of employees ineligible for Enterprise Zone contracts. (gov sig) (EG +$1,000,000 GF RV See Note)
		SB187	CLAITOR	TAX/TAXATION - Limits the alternative fuel tax credit for qualified clean-burning motor vehicle fuel property and qualified clean-burning motor vehicles (gov sig) (RE +$100,000 GF RV See Note)
		SB271	BODI WHITE	TAX/TAXATION - Provides for equivalency of the special fuels tax with the gasoline tax on motor vehicles that operate on the highways using liquefied natural gas, liquefied petroleum gas, or compressed natural gas. (7/1/15) (EN +$6,000,000 SD RV See Note)
		SB98	MORRELL	TAX/TAXATION - Requires sellers of motion picture investor tax credits to qualify for and be included in a Public Registry of Motion Picture Investor Tax Credit Brokers. (1/1/16) (EN +$60,000 GF EX See Note)
		SB100	MORRELL	TAX/TAXATION - Requires: LED to engage independent auditors to prepare production expenditure verification reports for motion picture investor tax credits; sworn affidavits of those submitting information for the reports; regulates and limits expenditures between related parties and subjects them to review by the state inspector general. (See Act) (EN SEE FISC NOTE GF RV)
		SB101	MORRELL	TAX/TAXATION - Requires the Louisiana Workforce Commission to provide information to LED and LDR to verify payroll and employment of Louisiana residents for purposes of the motion picture investor tax credit. (7/1/15) (EN SEE FISC NOTE GF RV See Note)
		SB102	MORRELL	TAX/TAXATION - Limits expenditures for ATL services eligible for motion picture investor tax credits to 40% of total production expenditures in the state. (See Act) (EN INCREASE GF RV See Note)
		SB103	MORRELL	TAX/TAXATION - Excludes certain expenditures as eligible for motion picture investor tax credits. (See Act) (EN INCREASE GF RV See Note)
		SB105	MORRELL	TAX/TAXATION - Authorizes the recapture of disallowed tax credits from owners of entities created or organized for the primary purpose of receiving or selling motion picture investor tax credits. (gov sig) (RE SEE FISC NOTE GF RV See Note)
		SB106	MORRELL	TAX/TAXATION - Provides relative to motion picture investor tax credits. (See Act) (EN SEE FISC NOTE GF RV See Note)
		SB140	BRET ALLAIN	TAX/TAXATION - Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a payment in lieu of the property taxes which would otherwise be due on such inventory as may be provided by law for such purpose. (2/3-CA13s1(A))(1/1/16) (OR SEE FISC NOTE LF RV)
		HB665	KLECKLEY	TAX/SALES-USE, LOCAL - Excludes certain repairs on tangible personal property from local sales and use tax by certain taxing authorities in Calcasieu Parish (EN SEE FISC NOTE LF RV See Note)
		SB93	ADLEY	TAX/INCOME/PERSONAL - Prohibits the $25 credit for educational expenses for each child attending nonpublic elementary and secondary school if the tax deduction for payment of tuition and fees is taken and establishes the Student Assessment for a Valuable Education (SAVE) Credit Program. (gov sig) (EN -$347,700,000 GF RV See Note)
		SB181	ADLEY	TAX/INCOME/PERSONAL - Repeals an income tax deduction for the net capital gains on the sale of a nonpublicly traded business commercially domiciled in Louisiana. (gov sig) (EG +$3,700,000 GF RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT