House Committee on Ways and Means
June 7, 2016
11:00 am or Upon Adjournment of the House floor
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
 HB2ABRAMSONCAPITAL OUTLAY - Provides for the comprehensive Capital Outlay budget (Item #3)
 HB3ABRAMSONCAPITAL OUTLAY - Provides for the Omnibus Bond Act (Item #4)
 HB5LEGERTAX/CORP INCOME - Provides with respect to the applicability and effectiveness of Act Nos. 30 and 31 of the 2016 First Extraordinary Session of the Legislature which eliminated the deductibility of federal income taxes paid for purposes of computing corporate income taxes (Items #39 & 40) (EG SEE FISC NOTE GF RV See Note)
 HB6LEGERTAX/INCOME TAX - Provides with respect to the applicability and effectiveness of Act No. 8 from the 2016 First Extraordinary Session of the Legislature which established a flat rate for purposes of calculating corporation income tax liability (Item #38) (EG +$3,300,000 GF RV See Note)
 HB8MAGEETAX/SALES-USE, ST-EXEMPT - Provides for effectiveness of the exemption for purchases of fishing vessels, supplies, fuels, lubricants, and repairs for vessels by licensed commercial fishermen (Item #33) (EG DECREASE GF RV See Note)
 HB9MONTOUCETREVENUE DEPARTMENT - Provides relative to the calculation of interest on certain overpayments (Item #45) (OR +$14,600,000 GF RV See Note)
 HB11SHADOINTAX/INCOME TAX - Reduces the amount of the individual income tax deduction for excess federal itemized personal deductions (Item #42) (OR +$116,700,000 GF RV See Note)
 HB12STOKESTAX/CORP INCOME - Provides relative to the apportionment ratio for purposes of computing corporate income tax and provides for the sourcing of sales (Item #44)
 HB14MONTOUCETREVENUE DEPARTMENT - Repeals the individual income tax deduction for net capital gains (Item #41) (OR +$26,400,000 GF RV See Note)
 HB15MALINDA WHITEREVENUE DEPARTMENT - Repeals the individual income tax deduction for net capital gains (Item #41) (OR +$26,400,000 GF RV See Note)
 HB16MONTOUCETTAX/INCOME-CREDIT - Reduces the amount of the income tax credit for the Louisiana Citizens Property Insurance Corporation Assessment and makes the reduction permanent (Item #46) (OR +$17,000,000 GF RV See Note)
 HB19MONTOUCETTAX CREDITS - Reduces the amount of certain ad valorem tax credits and provides for the carry forward rather than the refund of a certain portion of excess credit amounts (Item #36) (OR +$48,000,000 GF RV See Note)
 HB20REYNOLDSTAX/CORP INCOME - Provides relative to the apportionment ratio for purposes of computing corporate income tax and provides for the sourcing of sales (Item #44) (EN INCREASE GF RV See Note)
 HB21REYNOLDSTAX/INCOME TAX - Reduces the rates for purposes of calculating the tax on the taxable income of individuals (Item #43) (OR -$148,500,000 GF RV See Note)
 HB24ANDERSTAX/INSURANCE PREMIUM - Provides relative to the insurance premium tax credit (Item #6) (EN -$1,300,000 GF RV See Note)
 HB25LYONSTAX/INCOME-CREDIT - Reduces the amount of the income tax credit for the Louisiana Citizens Property Insurance Corporation Assessment and makes the reduction permanent (Item #46) (EN +$17,000,000 GF RV See Note)
 HB27BROADWATERTAX/SALES & USE - Provides for the non-taxability of sales or use of raw materials purchased for further processing (Item #48) (EN INCREASE GF RV See Note)
 HB29PRICEREVENUE DEPARTMENT - Provides relative to the calculation of interest on certain overpayments (Item #45) (EN +$16,300,000 GF RV See Note)
 HB31JACKSON-ANDREWSTAX CREDITS - Reduces the amount of certain income and corporation franchise tax credits (Item #36) (OR +$4,300,000 GF RV See Note)
 HB32MONTOUCETTAX CREDITS - Reduces the amount of certain income and corporation franchise tax credits (Item #36) (OR +$4,300,000 GF RV See Note)
 HB34JACKSON-ANDREWSTAX/CORP INCOME - Reduces the amount of certain corporate income tax exclusions and deductions (Item #37) (OR +$35,600,000 GF RV See Note)
 HB35ANDERSTAX/INSURANCE PREMIUM - Establishes the annual tax on health maintenance organizations (Item #5) (EN +$168,300,000 SD RV See Note)
 HB36JAMESTAX/SALES-USE, STATE - Provides with respect to the applicability of certain exclusions and exemptions from state sales and use taxes (Item #16) (OR DECREASE GF RV See Note)
 HB37P.SMITHTAX/INCOME-CREDIT - Reduces the amount of the income tax credit for the Louisiana Citizens Property Insurance Corporation Assessment and makes the reduction permanent (Item #46) (OR +$17,000,000 GF RV See Note)
 HB38MALINDA WHITETAX/INCOME TAX - Reduces the amount of the individual income tax deduction for excess federal itemized personal deductions (Item #42) (EG +$88,000,000 GF RV See Note)
 HB40REYNOLDSTAX/INCOME TAX - Changes the middle and upper income tax brackets for purposes of calculating the individual income tax (Item #43) (OR +$388,000,000 GF RV See Note)
 HB50MONTOUCETTAX/INCOME TAX - Reduces the individual income tax deduction for net capital gains (Item #41) (EN INCREASE GF RV See Note)
 HB51JIM MORRISTAX/SALES-USE, STATE - Provides with respect to the effectiveness of certain exclusions and exemptions from state sales and use taxes (Items #7-34) (EN DECREASE GF RV See Note)
 HB52ABRAMSONCAPITAL OUTLAY - Provides with respect to the execution and administration of capital outlay appropriations for Fiscal Year 2016-2017 (Item #3)
 HB53ABRAMSONTAX - Provides with respect to sales of certain services and tangible personal property at certain publicly owned facilities (Item #35) (EN SEE FISC NOTE GF RV)
 HB54THIBAUTTAX CREDITS - Provides with respect to the tax credit for solar energy systems (Item #36) (OR -$15,000,000 GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS

ADJOURNMENT