House Committee on Ways and Means
February 23, 2016
10:30 am
Room 6

Adjourned		 
* Agenda Revised September 27, 2017, 11:07 am *
Revision Notes: Added HB 93

 		 




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

ROLL CALL

DISCUSSION OF LEGISLATION
 HB5LEGERTAX CREDITS - Increases the amount of the earned income tax credit (Item #26) (EG -$47,000,000 GF RV See Note)
 HB7JACKSON-ANDREWSTAX/CORP INCOME-EXEMPT - Provides relative to corporate income exclusions for dividend income from certain banking institutions (Item #15) (EN SEE FISC NOTE GF RV See Note)
 HB14LEGERTAX/TOBACCO TAX - Levies an additional tax on cigarettes (Item #4) (EN +$46,000,000 GF RV See Note)
 HB19JAMESTAX/CORP FRANCHISE - Provides relative to the entities to which corporate franchise tax applies (Item #28) (EN +$10,340,000 GF RV See Note)
 HB20BROADWATERTAX/CORP INCOME - Provides relative to the net operating loss deduction for corporate income tax (Item #5) (EN SEE FISC NOTE GF RV See Note)
 HB22JACKSON-ANDREWSTAX/TAX REBATES - Repeals the three-year sunset of certain reductions to tax rebates (Item #11) (EN SEE FISC NOTE GF RV See Note)
 HB23JACKSON-ANDREWSTAX/CORP INCOME - Repeals three-year sunset of certain reductions to corporate income tax deductions, exemptions, and exclusions (Item #12) (RE1 SEE FISC NOTE GF RV See Note)
 HB24JACKSON-ANDREWSTAX CREDITS - Repeals the three-year sunset of certain reductions to income and corporation franchise tax credits (Item #10) (EN NO IMPACT GF RV See Note)
 HB25JACKSON-ANDREWSTAX/CORP INCOME - Provides relative to the net operating loss deduction for corporate income tax (Item #12) (OR INCREASE GF RV See Note)
 HB26KENNY COXTAX/TOBACCO TAX - Reduces the amount of the discount for accurately reporting and remitting excise taxes on certain tobacco products and the amount of the discount for stamping cigarettes (Item #22) (OR +$2,400,000 GF RV See Note)
 HB27KENNY COXTAX/ALCOHOLIC BEVERAGE - Increases the excise tax levied on certain alcoholic beverages (Item #20) (EN +$19,200,000 GF RV See Note)
 HB28KENNY COXTAX/ALCOHOLIC BEVERAGE - Reduces the amount of the discount for accurately reporting and remitting excise taxes on alcoholic beverages and beer (Item #23) (EN +$375,000 GF RV See Note)
 HB29LEGERTAX/CORP INCOME - Establishes a flat rate for purposes of calculating corporation income tax liability (Item #3) (EN +$3,300,000 GF RV See Note)
 HB30LEGERTAX/SALES & USE - Provides for the collection of sales and use taxes due on sales made in Louisiana by a remote dealer (Item #30) (EN SEE FISC NOTE GF RV See Note)
 HB31LEGERTAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid for purposes of calculating corporate income tax liability (Items #2 and 17) (EN SEE FISC NOTE GF RV See Note)
 HB32LEGERTAX/INCOME TAX - Reduces the rates for purposes of calculating the tax on the taxable income of individuals (Items #3 and 19) (EG SEE FISC NOTE GF RV See Note)
 HB33LEGERTAX/INCOME TAX - Reduces the amount of the individual income tax deduction for excess federal itemized personal deductions (Item #18) (EG +$142,000,000 GF RV See Note)
 HB34LEGERTAX/INCOME TAX - Changes the middle and upper income tax brackets for purposes of calculating the individual income tax (Item #3) (EG +$324,000,000 GF RV See Note)
 HB39STOKESTAX/EXCISE - Levies an automobile rental tax (Item #25) (EN +$5,000,000 GF RV See Note)
 HB43MALINDA WHITETAX/SALES & USE - Provides for the amount of vendors compensation authorized as compensation for the collection and remittance of state sales and use taxes (Item #21) (EN +$6,400,000 GF RV See Note)
 HB46JAMESTAX 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 #31) (EG +$48,000,000 GF RV See Note)
 HB47JAMESTAX CREDITS - Reduces 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 (Item #31) (EG +$48,000,000 GF RV See Note)
 HB54BROADWATERTAX/SALES & USE - Requires the advance payment of sales tax (Item #35) (EG1 SEE FISC NOTE GF RV)
 HB55LEGERTAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (EN INCREASE GF RV See Note)
 HB57STOKESTAX CREDITS - Repeals three-year sunset on certain eligibility requirements relative to the income tax credit for net taxes paid to other states (Item #13) (EGF DECREASE GF RV See Note)
 HB58JACKSON-ANDREWSTAX/CORP INCOME - Provides relative to the apportionment formula for computing corporate income tax (Item #5) (OR SEE FISC NOTE GF RV)
 HB59MORENOTAX/SALES-USE, STATE - Provides relative to imposition of the state sales and use tax on hotels (Items #9 and 30) (EN INCREASE SD RV See Note)
 HB61MORRISTAX/SALES & USE - To provide with respect to the applicability of certain exclusions and exemptions from state sales and use taxes (EN +$272,300,000 GF RV See Note)
 HB62JACKSON-ANDREWSTAX/SALES-USE, STATE - Impose a one cent sales and use tax (Item #9) (EN +$880,600,000 GF RV See Note)
 HB64MONTOUCETTAX/SALES-USE, ST-EXEMPT - Provides for the extent of the state sales and use tax exemption for business utilities (Items #9 and 36) (EG +$238,200,000 GF RV See Note)
 HB72SHADOINTAX/SALES-USE, STATE - Increases the state sales tax on telecommunications services (Item #24) (EN +$2,200,000 GF RV See Note)
 HB75STOKESTAX/INCOME TAX - Changes the rates and brackets for purposes of calculating individual income tax liability and eliminates certain deductions (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
 HB76STOKESTAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid for purposes of computing individual and corporate income taxes and references to the maximum amount of individual income tax rates and brackets (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
 HB80STOKESTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating individual and corporate income taxes (Item #17) (RE1 SEE FISC NOTE GF RV See Note)
 HB87ANDERSTAX/INSURANCE PREMIUM - Reduces the amount of the insurance premium tax for certain Louisiana investments (Item #6) (EN +$8,300,000 GF RV See Note)
 HB93SAM JONESTAX/SALES & USE - Provide with respect to the payment of advance sales tax (Item #35) (OR INCREASE GF RV See Note)
 HB95LEGERTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating corporate income taxes (Item #17) (EN +$22,000,000 GF RV See Note)
 HB99STOKESTAX/CORP INCOME - Provides relative to the apportionment ratio for purposes of computing corporate income tax (Item #5) (EG SEE FISC NOTE GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS