Senate Committee on Revenue and Fiscal Affairs
November 10, 2005
Upon Adjournment
Room E
Adjourned
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
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Committee Meeting Agenda
SB9
QUINN
TAX EXEMPTIONS
- Constitutional amendment to authorize retention of the homestead exemption and the special assessment level at its pre-disaster level if the homestead is unoccupied because of damage or destruction by a disaster or emergency if the repaired or rebuilt homestead is reoccupied within five years. (OR +$125,000 GF EX See Note)
SB11
QUINN
TAX EXEMPTIONS
- Provides for the assessment of property damaged by public calamities in the year in which the damage occurred, provides for procedure for listing, review, and appeals of such assessment and authorizes retention of the homestead exemption and the special assessment level if uninhabitable. (gov sig) (OR DECREASE LF RV See Note)
SB14
SCHEDLER
ASSESSORS
- Changes assessment procedures for property damaged or destroyed by disaster or emergency declared by the governor. (OR DECREASE LF RV See Note)
SB18
MOUNT
TAX EXEMPTIONS
- Constitutional amendment to authorize retention of the homestead exemption and the special assessment level at its pre-disaster level if the homestead is unoccupied because of damage or destruction by a disaster or emergency if the repaired or rebuilt homestead is reoccupied within five years. (EG +$125,000 GF EX See Note)
SB19
MOUNT
TAX/AD VALOREM
- Authorizes extensions or suspends various deadlines for 2005 taxes and makes technical changes to present law by changing specified dates to time limits expressed in number of days. (gov sig) (EG DECREASE LF RV See Note)
SB20
MOUNT
TAX/AD VALOREM
- Provides for the extenstion of the homestead exemption and the "special assessment level" in the event of a public disaster, and a procedure for the postponement of payments of property taxes in the event of public disaster. (gov sig) (EG INCREASE LF EX See Note)
SB21
MOUNT
TAX/AD VALOREM
- Provides for the listing, assessing, filing of tax rolls, and contesting of assessments of property damaged by any pubic calamity and for the dates for completing tax rolls and payment fo taxes in certain parishes. (gov sig) (OR DECREASE LF RV See Note)
SB34
DARDENNE
TAX/TAXATION
- Provides that the federal income tax deduction for individuals will not be reduced by any federal disaster relief tax credits, which includes deductions limiting loss of property arising from a disaster and any other tax benefit determined by the secretary of the Department of Revenue. (gov sig) (OR -$119,500,000 GF RV See Note)
SB37
MURRAY
TAX/AD VALOREM
- Establishes certain procedures in the event of public calamity or disaster for the assessment of damaged property, the deferment of tax payments, and the extension of the homestead exemption. (gov sig) (OR DECREASE LF RV See Note)
SB42
MOUNT
TAX/TAXATION
- Prevents an increase in Louisiana income tax because of a reduction in federal income taxes as a result of (1) a federal credit if the secretary determines that the credit is a hurricane disaster relief credit granted, or (2) a casualty loss incurred as a result of the hurricanes. (gov sig) (EG SEE FISC NOTE GF RV See Note)
SB54
ELLINGTON
TAX/SALES
- Limits the price of natural gas purchased by paper or wood products manufacturing facilities which is taxed to $6.20 MMBtu. and exempts them from all state sales tax on their purchases of electricity from January 1, 2006 to December 31, 2008.(1/1/06) (RE -$6,700,000 GF RV See Note)
SB57
ELLINGTON
TAX/SALES
- Exempts all state sales tax on natural gas purchased by Louisiana pulp and paper mills. (OR -$5,900,000 GF RV See Note)
SB61
SCHEDLER
TAX/TAXATION
- Provides that the federal income tax deduction for individuals will not be reduced by any federal disaster relief tax credits, which includes deductions limiting loss of property arising from a disaster and any other tax benefit determined by the secretary of the Department of Revenue. (gov sig) (OR -$119,500,000 GF RV See Note)
SB73
MALONE
TAX/SALES
- Re-instates the full state sales tax exemption for non-residential purchases of natural gas and electricity as of July 1, 2006. (1/1/06) (OR -$255,000,000 GF RV See Note)
SB78
MOUNT
REVENUE DEPARTMENT
- Authorizes the release of information to an individual concerning his income tax account even if provided by a third party. (gov sig) (EG NO IMPACT GF EX See Note)