Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
May 23, 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
MINUTES TO BE ADOPTED:
	May 9, 2011
	May 16, 2011
LEGISLATION TO BE CONSIDERED
		SB41	ALARIO	TAX/LOCAL - Provides for the definition of contractor for the purposes of the occupational license tax in certain parishes. (7/1/11) (EN SEE FISC NOTE LF RV See Note)
		SB51	ALARIO	TAX EXEMPTIONS - Provides for a sales and use tax exemption for certain purchases by the Fore!Kids Foundation. (7/1/11) (OR -$40,000 GF RV See Note)
		SB159	APPEL	TAX/TAXATION - Extends the Ports of Louisiana Investor tax credit. (gov sig) (EN DECREASE GF RV See Note)
		SB177	HEITMEIER	TAX/INCOME/PERSONAL - Grants a non-refundable income tax credit equal to the deduction taken by a resident taxpayer on his federal return for interest paid on a loan for himself or a resident dependent or spouse if they are graduates from the baccalaureate level and the education loan is a loan for education above the baccalaureate level. (gov sig) (RE -$6,300,000 GF RV See Note)
		SB197	ERDEY	TAX EXEMPTIONS - Phases in an exemption of certain capital gains income of individuals 65 years of age or older from state individual income tax. (gov sig) (EG -$4,600,000 GF RV See Note)
		SB198	ERDEY	TAX EXEMPTIONS - Phases in by 2015 an exemption from income tax for dividend and interest income of those 65 years of age or older. (gov sig) (EG -$4,100,000 GF RV See Note)
		SB210	MORRELL	TAX/TAXATION - Temporarily exempts from tobacco tax cigars and smoking tobacco sampled during the Convention of the International Premium Cigar and Pipe Retailers. (8/15/11) (EN -$50,000 GF RV See Note)
		SB255	WILLARD-LEWIS	TAX/TAXATION - Grants a refundable "residential energy efficiency tax credit" for 2012 and 2013 equal to 50% of the first $25,000 of the aggregate cost of "qualifying residential energy efficient property" that is purchased and installed in the residence of those 65 and older who are income-eligible. (gov sig) (EN DECREASE GF RV See Note)
		SB257	CROWE	TAX/TAXATION - Remove the requirement for certification by the commissioner of administration and approval by the Joint Legislative Committee on the Budget and the state bond commission before the Investor Tax Credit and the Import Export Cargo Credit for ports may be issued by the Department of Economic Development. (7/1/11) (OR SEE FISC NOTE GF RV)
		SB258	WILLARD-LEWIS	TAX/TAXATION - Provides for the levy of state use tax on the purchase of property and services which are used to be manufactured into items for use in "orbital environments" 500 miles above earth's surface if the sale does not occur in the state and dedicates all state tax collected to make grants to such manufacturers. (10/1/11) (EG 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)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT