House Committee on Ways and Means
May 5, 2015
9:00 a.m.
Room 6
Adjourned
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
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CALL TO ORDER
ROLL CALL
DISCUSSION OF LEGISLATION
HCR9
P.SMITH
TAX/SALES & USE
- Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
HCR58
MONTOUCET
TAX/INCOME TAX
- Suspends all corporate income tax credits, deductions, exclusions, and exemptions
HB148
BADON
TAX/TOBACCO TAX
- Levies an additional tax on cigarettes and tobacco products and dedicates the monies (OR +$214,000,000 SD RV See Note)
HB336
CONNICK
TAX/SALES & USE
- Provides for the collection of sales and use tax imposed on the purchase of motor vehicles by certain foreign business entities (EN INCREASE GF RV See Note)
HB412
MORRIS
FUNDS/FUNDING
- (Constitutional Amendment) Dedicates the avails of the existing one percent state sales and use taxes for the support of public elementary through post-secondary education (RE +$113,000,000 SD RV See Note)
HB474
P.SMITH
TAX/INCOME TAX
- Repeals the individual income tax deduction for certain net capital gains (OR +$3,700,000 GF RV See Note)
HB509
P.SMITH
TAX/SALES & USE
- Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
HB563
THIERRY
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$13,000,000 GF RV See Note)
HB624
JACKSON-ANDREWS
TAX/CORP INCOME
- Reduces the amount of certain corporate income tax exclusions and deductions (EN +$122,000,000 GF RV See Note)
HB629
JACKSON-ANDREWS
TAX CREDITS
- Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
HB713
T.LANDRY
TAX CREDITS
- Reduces certain income and corporate franchise tax credits (OR +$3,200,000 GF RV See Note)
HB723
BURRELL
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$7,000,000 GF RV See Note)
HB724
HUNTER
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$1,250,000 GF RV See Note)
HB727
HUNTER
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$11,000,000 GF RV See Note)
HB751
ROBIDEAUX
TAX/STATE
- Reduces the amount of dealer's compensation for collection and remittance of state sales and use taxes (OR +$2,500,000 GF RV See Note)
HB757
P.SMITH
TAX CREDITS
- Reduces certain income and franchise tax credits (OR +$13,000,000 GF RV See Note)
HB759
THIERRY
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$11,000,000 GF RV See Note)
HB777
ST.GERMAIN
TAX/GASOLINE TAX
- Increases the state excise tax on gasoline, diesel, and special fuels for ten years (EG +$300,000,000 SD RV See Note)
HB778
ST.GERMAIN
TAX/SALES-USE, STATE
- Imposes a one cent state sales and use tax for ten years dedicated to the construction of highways and bridges constituting major economic development corridors and capitalization of the Louisiana State Transportation Infrastructure Bank (EG +$792,000,000 SD RV See Note)
HB819
T.BURNS
TAX CREDITS
- Establishes a maximum threshold for the reduction of tax liability due to the application of certain tax credits
OTHER BUSINESS
ANNOUNCEMENTS