Senate Committee on Revenue and Fiscal Affairs
February 25, 2016
9:30 AM (Recess at 12:00 P.M.)
John J. Hainkel, Jr. Room

Adjourned		 
* Agenda Revised February 24, 2016, 9:34 am *
Revision Notes: (SB 2, 6, 12, 13 & 16 will be heard after recess @ 1:30 PM)

 		 




  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

MINUTES TO BE APPROVED:
 February 24, 2016

LEGISLATION TO BE CONSIDERED
 SB3ERIC LAFLEURECONOMIC DEVELOPMENT - Provides relative to enterprise zone requirements, incentives, and effectiveness, and establishes a sunset date for the program. (Item #27)(gov sig) (RE INCREASE GF RV See Note)
 SB5ERIC LAFLEURTAX/TAXATION - Provides for the suspension of Louisiana Citizens Property Insurance Corporation assessment income tax credit. (gov sig) (EG +$32,400,000 GF RV See Note)
 SB7DONAHUETAX/TAXATION - Establishes a baseline limit on all claims against income and franchise tax for Angel Investor Tax Credit Program filed during a fiscal year on a first-income, first-served basis and gives claims above the amount priority in the next fiscal year. (gov sig) (OR SEE FISC NOTE GF RV)
 SB8DONAHUETAX/TAXATION - Limits the period for carryforward of net operating losses. (gov sig) (OR NO IMPACT GF RV See Note)
 SB10DONAHUEFISCAL CONTROLS - Establishes a baseline limit on the payment of rebates and the use of tax credits in a fiscal year for Enterprise Zone and provides a sunset date for the Enterprise Zone program. (gov sig) (OR SEE FISC NOTE GF RV)
 SB11DONAHUETAX/TAXATION - Establishes a baseline limit on all claims against income and franchise tax for musical and theatrical production income tax credits filed during a fiscal year on a first-come, first-served basis and gives claims above the amount priority in the next fiscal year. (gov sig) (OR INCREASE GF RV See Note)
 SB15MORRELLTAX/TAXATION - Provides relative to the application of refundable tax credits. (Item #26)(gov sig) (EN NO IMPACT GF RV See Note)
 SB17MORRELLTAX/TAXATION - Provides for the reduction to the amount of the insurance premium tax for certain Louisiana investments. (gov sig) (OR +$16,600,000 GF RV See Note)
 SB18MORRELLTAX EXEMPTIONS - Provides relative to sales and use tax exemption for rental or purchase of airplanes or airplane equipment and parts by Louisiana domiciled commuter airlines. (Item #36)(gov sig) (EG INCREASE GF RV See Note)
 SB19MORRELLTAX EXEMPTIONS - Provides relative to the sales and use tax exemption for antique airplanes held by private collectors and not used for commercial purposes. (Item #36)(gov sig) (EG INCREASE GF RV See Note)
 SB20MORRELLTAX EXEMPTIONS - Provides relative to admissions to places of amusement at camp or retreat facilities. (Item #36)(gov sig) (OR INCREASE GF RV See Note)
 SB21MORRELLTAX EXEMPTIONS - Includes numismatic coins and bullion in the definition of tangible personal property subject to sales and use tax. (Item #36)(gov sig) (EG INCREASE GF RV See Note)
 SB22MORRELLTAX EXEMPTIONS - Modifies the sales and use tax exemption for domed stadium facilities, baseball facilities, and other publicly owned facilities. (Item #36)(gov sig) (REF INCREASE GF RV See Note)
 SB2MORRELLTAX/TAXATION - Provides for the reduction of the amount of certain ad valorem tax credits and for carryforward rather than the refund of certain portion of excess credit amount. (gov sig) (OR +$294,000,000 GF RV See Note)
 SB6MORRELLTAX/AD VALOREM - Provides for the reduction of the amount of certain ad valorem tax credits and provides for the carryforward rather than the refund of a certain portion of excess credit amounts. (gov sig) (EG +$253,000,000 GF RV See Note)
 SB12BRET ALLAINTAX/TAXATION - Changes certain refundable tax credits to nonrefundable tax credits. (See Act) (OR +$38,000,000 GF RV See Note)
 SB13BRET ALLAINTAX/AD VALOREM - Provides for carry forward rather than a refund of tax credits from ad valorem taxes paid to local governments. (gov sig) (OR +$40,000,000 GF RV See Note)
 SB16BRET ALLAINTAX/AD VALOREM - Constitutional amendment to provide for ad valorem taxes paid on certain property. (Item #31)(2/3 - CA13s1(A)) (OR SEE FISC NOTE GF RV)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT