Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
May 16, 2011 2:00 pm John J. Hainkel, Jr. Room
Adjourned

BLUE = already considered. RED = currently being considered. BLACK = not yet considered.
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CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES
	May 9, 2011
LEGISLATION TO BE CONSIDERED
		SB259	MARIONNEAUX	TAX/TAXATION - Creates a state commission (SCORE) to submit a written plan by January 6, 2012, to reduce and eliminate state income taxes, recommend budget reduction actions, and reduce or eliminate tax benefits; provides that if a concurrent resolution containing the plan is adopted, then the phase-out of income tax over 10 calendar years begins and the governor and the commissioner of administration are directed to take certain budget reduction actions and submit budget reduction legislation. (See Act) (RR1 +$120,000,000 GF RV See Note)
		SB30	WALSWORTH	REVENUE DEPARTMENT - Provides for donations of tax refunds to the Louisiana Bicentennial Commission through a check-off box on state income tax returns. (gov sig) (EN NO IMPACT GF RV See Note)
		SB82	DORSEY	TAX/SALES - Provides that the state sales or use tax shall not apply to consumer purchases of "breastfeeding items." (10/1/11) (EN DECREASE GF RV See Note)
		SB168	WALSWORTH	TAX/SALES - Extends termination of the state sales and use tax exclusion for certain alternative substances used as fuel by manufacturers. (OR NO IMPACT GF RV See Note)
		SB187	LONG	TAX/TAXATION - Extends Cane River Heritage tax credit to January 1, 2014. (8/15/11) (EN -$2,700 GF RV See Note)
		SB264	JOEL CHAISSON	TAX/TAXATION - Provides for motion picture investor tax credits. (gov sig) (RE DECREASE GF RV See Note)
		SB265	RISER	ECONOMIC DEVELOPMENT - Provides relative to premium tax credits under the Louisiana Entrepreneurial Assistance and Development (LEAD) program. (8/15/11) (EN -$37,500,000 GF RV See Note)
		SB135	CLAITOR	TAX/TAXATION - Changes the research and development tax credit program to a "rebate"; decreases the program from December 31, 2013 to June 30, 2013; reduces the amount of the rebate by requiring all employees to be counted in the size of the business, rather than only resident employees; and changes it calculation. (gov sig) (EN INCREASE GF RV See Note)
		SB99	MORRELL	TAX/TAXATION - Authorizes the issuance of $30 million more New Market Tax Credits, provides for when the credits may be issued and taken on a return, and extends the period tax credits are allowed from ending on December 31, 2013, to an indefinite period if the qualified equity investment is issued prior to December 31, 2014. (gov sig) (EN -$30,000,000 GF RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT