Senate Daily Digest
March 3, 2016
3:00 pm
Senate Chamber

Adjourned		 

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Senate Bills 3rd Reading and Final Passage Subject to Call
 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)
 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)
 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)
 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)

House Bills 3rd Reading and Final Passage
 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)
 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)
 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)
 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)
 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)
 HB72SHADOINTAX/SALES-USE, STATE - Increases the state sales tax on telecommunications services (Item #24) (EN +$2,200,000 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)
 HB39STOKESTAX/EXCISE - Levies an automobile rental tax (Item #25) (EN +$5,000,000 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)
 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)
 HB116IVEYTAX/CORP INCOME - Provides relative to loss years for purposes of the net operating loss deduction for corporate income tax (Item #5) (EN SEE FISC NOTE GF RV See Note)