Senate Committee on Revenue and Fiscal Affairs
April 13, 2021
9:30 a.m.
John J. Hainkel, Jr. Room
Adjourned
* Agenda Revised April 14, 2021, 8:04 am *
Revision Notes:
Removed: (Pending Referral)
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
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CALL TO ORDER
ROLL CALL
MINUTES TO BE APPROVED:
October 19, 2020, Decemer 9, 2020 and January 26, 2021
LEGISLATION TO BE CONSIDERED
SB157
BRET ALLAIN
TAX EXEMPTIONS
- Exempts certain mobile workers from individual income tax and their employers from withholding tax. (gov sig) (EN SEE FISC NOTE GF RV See Note)
SB159
BRET ALLAIN
TAX/TAXATION
- Constitutional amendment to reduce the maximum rate of individual income tax and to provide for a federal income tax deduction as provided by law. (2/3 - CA13s1(A)) (EN SEE FISC NOTE GF RV See Note)
SB160
BRET ALLAIN
REVENUE DEPARTMENT
- Conforms state partnership reporting adjustments to federal taxable income to current federal partnership audit adjustments. (gov sig) (EN NO IMPACT GF RV See Note)
SB161
BRET ALLAIN
TAX/FRANCHISE/CORPORATE
- Extends the termination date of the exemption from corporate franchise tax for small business corporations. (See Act) (EN -$55,900,000 GF RV See Note)
SB171
BRET ALLAIN
TAX EXEMPTIONS
- Provides for severance tax exemptions and site-specific trust funds for certain orphan wells. (gov sig) (EN SEE FISC NOTE SD RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT
Persons who do not feel comfortable giving testimony in person may submit a prepared statement in accordance with Senate Rule 13.79, in lieu of appearing before the committee. Statements may be emailed to simpsons@legis.la.gov and must be received by the committee secretary at least three hours prior to the meeting to be included in the record for this committee meeting.
Audio/visual presentations, such as PowerPoint, must be received by the committee secretary at
simpsons@legis.la.gov at least twenty-four hours PRIOR to the scheduled start of the committee meeting for review and prior approval. Thumb drives will NOT be accepted.
Persons desiring to participate in the meeting should utilize appropriate protective health
measures and observe the recommended and appropriate social distancing.