Senate Daily Digest
March 4, 2016
3:00 pm
Senate Chamber

Adjourned		 

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Senate Bills 3rd Reading and Final Passage
 SB25CORTEZFUNDS/FUNDING - Creates special committee to review sales and use tax exemptions and exclusions. (gov sig) (RE SEE FISC NOTE GF EX)

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
 HB2BROADWATERTAX CREDITS - Repeals the Student Assessment for a Valuable Education (SAVE) credit program (Item #14) (EN NO IMPACT 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)
 HB122CAMERON HENRYAPPROPRIATIONS/SUPPLEML - Supplemental appropriations and reductions in appropriations for Fiscal Year 2015-2016 (Item #1)

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