House Committee on Ways and Means
May 11, 2020
9:00 a.m.
Room 4

Adjourned
 


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

ROLL CALL

DISCUSSION OF LEGISLATION
 HB429MAGEETAX/SALES & USE - (Constitutional Amendment) Authorizes a commission for remote sellers to remit local sales and use taxes to local tax collectors (OR SEE FISC NOTE SG EX)
 HB504HILFERTYTAX/AD VALOREM TAX - (Constitutional Amendment) Requires all property within a parish to be reassessed in the same year for purposes of statewide reassessment (OR SEE FISC NOTE LF EX)
 HB508HILFERTYTAX/AD VALOREM TAX - Requires all real property within a parish to be reassessed in the same year for purposes of statewide reassessment (OR SEE FISC NOTE LF EX)
 HB521HILFERTYTAX/AD VALOREM TAX - Provides for the notification process for ad valorem reappraisal (EN INCREASE LF EX See Note)
 HB525HILFERTYTAX/AD VALOREM TAX - (Constitutional Amendment) Increases the income threshold for purposes of qualifying for the special assessment level (EN SEE FISC NOTE LF RV See Note)
 HB846WRIGHTTAX/TAX REBATES - Establishes a Payroll Incentive Program rebate for COVID-19-impacted businesses (EN DECREASE GF RV See Note)
 HCR40WRIGHTTAX - Directs the Dept. of Revenue to develop data on the projected impact the COVID-19 pandemic will have on Louisiana business revenue in 2020 and on net operating loss carry forward tax deductions for future tax filings (OR INCREASE GF EX See Note)
 HCR43EDMONDSTAX/CORP FRANCHISE - Suspends the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporation franchise tax (OR -$412,600,000 GF RV See Note)
 HCR65BISHOPTAX/SEVERANCE TAX - Suspends the severance taxes levied on oil, natural gas, distillate, and condensate (EG DECREASE GF RV See Note)
 HCR66BISHOPTAX/CORP FRANCHISE - Suspends the lower tier of the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporate franchise tax (EN -$5,800,000 GF RV See Note)
 HCR76WRIGHTTAX/CORP INCOME - Urges and requests that any proclamation convening an extraordinary session of the legislature in 2020 include changes to the carryback provisions of the corporate income tax deduction for net operating losses
 HCR79BISHOPTAX CREDITS - Urges and requests that any proclamation convening an extraordinary session of the legislature in 2020 include changes to eligibility requirements to participate in the Enterprise Zone incentive

OTHER BUSINESS
 COMMITTEE ROOM 3 TO BE USED FOR OVERFLOW

ANNOUNCEMENTS
 Persons who do not feel comfortable giving testimony in person at this time may submit a prepared statement in accordance with House Rule 14.33 in lieu of appearing before the committee:
 A. Any interested person or any committee member may file with the committee a prepared statement concerning a specific instrument or matter under consideration by the committee or concerning any matter within the committee's scope of authority, and the committee records shall reflect receipt of such statement and the date and time thereof.
 B. Any person who files a prepared statement which contains data or statistical information shall include in such prepared statement sufficient information to identify the source of the data or statistical information. For the purposes of this Paragraph, the term "source" shall mean a publication, website, person, or other source from which the data or statistical information contained in the prepared statement was obtained by the person or persons who prepared the statement.
 NOTE: Only statements mailed to leab@legis.la.gov and received prior to noon on Sunday, May 10, will be included in the record for this committee meeting. All persons desiring to participate in the meeting shall utilize appropriate protective health measures and observe the recommended and appropriate social distancing.