Agenda - Ways and Means

House Committee on Ways and Means
April 25, 2023 Upon Adjournment of the House 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
	HB153	DEVILLIER	TAX/AD VALOREM-EXEMPTION - (Constitutional Amendment) Phases-in, over a four year period, a property tax exemption for items constituting business inventory (OR -$444,000,000 LF RV See Note)
	HB241	BEAULLIEU	TAX/INCOME TAX - Provides for a flat rate for purposes of calculating the income tax for individuals, estates, and trusts (OR +$7,000,000 GF RV See Note)
	HB303	IVEY	TAX/INCOME TAX - Provides for a flat rate for purposes of calculating income tax for individuals, estates, and trusts and modifies certain income tax deductions and credits (OR +$19,000,000 GF RV See Note)
	HB371	IVEY	TAX/AD VALOREM-EXEMPTION - To establish the La. Economic Advancement Plan (LEAP) which provides for ad valorem tax exemptions for certain capital investment projects (OR INCREASE GF EX See Note)
	HB382	GAROFALO	TAX/INCOME TAX - Authorizes establishment of tax-advantaged catastrophe savings accounts to cover losses from damage to taxpayers' primary residences and commercial property (OR DECREASE GF RV See Note)
	HB391	FONTENOT	TAX/INCOME TAX - Authorizes an individual income tax deduction for property insurance premium costs for taxpayers' primary residences (OR -$5,500,000 GF RV See Note)
	HB428	PRESSLY	TAX/INCOME TAX - Extends to estates, trusts, and partnerships the flow-through entity income exclusion allowed to individuals (EN DECREASE GF RV See Note)
	HB473	IVEY	TAX/AD VALOREM-EXEMPTION - (Constitutional Amendment) Establishes certain property tax exemptions for capital investment projects (OR DECREASE LF RV See Note)
	HB502	MCFARLAND	TAX/SALES & USE - Modifies the definition of the term commercial farmer by removing certain reporting requirements (EN SEE FISC NOTE SG RV See Note)
OTHER BUSINESS
ANNOUNCEMENTS

Any person who does not feel comfortable giving testimony in person 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 noon on Monday, April 24, 2023, will be distributed to the committee members prior to the meeting.