House Committee on Ways and Means
May 11, 2021
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
 HB62BRASSASSESSORS - Requires the St. James Parish assessor to pay the cost of certain insurance premiums for certain retirees of the assessor's office (EN NO IMPACT LF EX See Note)
 HB289MCFARLANDTAX CREDITS - Establishes an income and corporate franchise tax credit for Class II and Class III railroads (EN -$2,000,000 GF RV See Note)
 HB301LANDRYTAX/INCOME TAX - Establishes an income tax credit for certain funeral and burial expenses for certain pregnancy-related deaths (EN -$75,000 GF RV See Note)
 HB434NELSONTAX - Levies taxes on sales of cannabis and provides for the use of the avails of the taxes (EG INCREASE GF RV See Note)
 HB506BEAULLIEUTAX/INCOME TAX - Increases the amount of the net operating loss deduction (RE -$20,300,000 GF RV See Note)
 HB567JORDANTAX/EXCISE - Repeals the marijuana tax levied on certain dealers and repeals provisions related to tax stamps which evidence payment of tax (EG SEE FISC NOTE GF RV See Note)
 HB582MCFARLANDTAX/GASOLINE TAX - Dedicates a portion of the existing tax levied on gasoline and diesel into the Construction Subfund and imposes a one-time road-use fee on electric and hybrid vehicles (RE SEE FISC NOTE GF EX See Note)
 HB657GLOVERTAX CREDITS - Expands the types of investments eligible for the insurance premium tax credit (OR DECREASE GF RV See Note)
 HB676CARPENTERTAX CREDITS - Establishes an Apprenticeship Tax Credit Program (OR -$1,200,000 GF RV See Note)
 HB680HUGHESTAX CREDITS - Establishes the Louisiana Youth Jobs Tax Credit Program (EN -$1,200,000 GF RV See Note)
 HB685NEWELLTAX CREDITS - Establishes a state low-income housing tax credit for the development or construction of low-income housing (OR -$1,000,000 GF RV See Note)
 HB688STEFANSKITAX/GAMING - Levies certain taxes and fees on sports wagering gaming (OR INCREASE GF RV See Note)
 HB690LACOMBETAX/INCOME TAX - Establishes a corporate income tax deduction for certain expenses related to capital infrastructure projects (OR DECREASE GF RV See Note)
 HB696LANDRYTAX/INHERITANCE TAX - Levies a state tax on the transfer of certain property (OR INCREASE GF RV See Note)
 SB157ALLAINTAX EXEMPTIONS - Exempts certain mobile workers from individual income tax and their employers from withholding tax. (gov sig) (EN SEE FISC NOTE GF RV See Note)
 SB159ALLAINTAX/TAXATION - Constitutional amendment to reduce the maximum rate of individual income tax and to provide for a federal income tax deduction as provided by law. (2/3 - CA13s1(A)) (EN SEE FISC NOTE GF RV See Note)
 SB160ALLAINREVENUE DEPARTMENT - Conforms state partnership reporting adjustments to federal taxable income to current federal partnership audit adjustments. (gov sig) (EN NO IMPACT GF RV See Note)
 SB161ALLAINTAX/FRANCHISE/CORPORATE - Extends the termination date of the exemption from corporate franchise tax for small business corporations. (See Act) (EN -$55,900,000 GF RV See Note)
 SB171ALLAINTAX EXEMPTIONS - Provides for severance tax exemptions and site-specific trust funds for certain orphan wells. (gov sig) (EN SEE FISC NOTE SD RV See Note)

OTHER BUSINESS

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: Statements emailed to hwmc@legis.la.gov and received prior to 5:00 p.m. on Monday, May 10, 2021, will be distributed to the committee members prior to the meeting.
 All persons desiring to participate in the meeting shall utilize appropriate protective health measures and observe the recommended and appropriate social distancing.