Senate Daily Digest
March 7, 2016
3:00 pm
Senate Chamber

Adjourned		 

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House Concurrent Resolutions 2nd Reading
 HCR11SCHRODERBUDGETARY CONTROLS - Creates the Task Force on Structural Changes in Budget and Tax Policy to continue the budget and tax reform evaluations begun in the 2016 First Extraordinary Session and urges and requests the governor to support and implement initiatives for structural change introduced in upcoming sessions that will lead to savings through more efficient and effective state operations

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 Subject to Call
 HB2BROADWATERTAX CREDITS - Repeals the Student Assessment for a Valuable Education (SAVE) credit program (Item #14) (EN NO IMPACT 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)
 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)
 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)
 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)

Instruments Pending Senate Conference
 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)
 HB62JACKSON-ANDREWSTAX/SALES-USE, STATE - Impose a one cent sales and use tax (Item #9) (EN +$880,600,000 GF RV See Note)
 HB122CAMERON HENRYAPPROPRIATIONS/SUPPLEML - Supplemental appropriations and reductions in appropriations for Fiscal Year 2015-2016 (Item #1)