Agenda - Revenue and Fiscal Affairs

Senate Committee on Revenue and Fiscal Affairs
November 17, 2024 1:30 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 APPROVED:
	May 21, 2024
LEGISLATION TO BE CONSIDERED
		HB1	EMERSON	TAX/INCOME TAX - Provides for a flat rate for purposes of calculating income tax for individuals, estates, and trusts, increases the standard deduction, and modifies or repeals certain income tax deductions and credits (Item #5 and 6) (RE1 DECREASE GF RV See Note)
		HB2	EMERSON	TAX/CORP INCOME - Provides for a flat rate for purposes of calculating corporate income tax and terminates certain corporate income tax exemptions, deductions, and credits (Item #4) (REF SEE FISC NOTE RV See Note)
		HB3	EMERSON	TAX/CORP FRANCHISE - Repeals the corporation franchise tax and limits eligibility of certain credits to be claimed against corporation franchise tax (Item #3) (REF -$574,000,000 RV See Note)
		HB7	EMERSON	FUNDS/FUNDING - (Constitutional Amendment) Revises Article VII of the Constitution of La. (Items #1, 2, 7, and 14) (RRF DECREASE RV See Note)
		HB8	BRASS	TAX/SALES & USE - Levies sales and use taxes on certain digital products and services (Items #8 and 13) (REF +$37,000,000 RV See Note)
		HB10	WRIGHT	TAX/SALES & USE - Provides for the rate of the state sales and use tax and provides for the exemptions, exclusions, credits, and rebates claimed against sales and use taxes (Item #8) (REF SEE FISC NOTE RV)
		HB11	DESHOTEL	TAX/AD VALOREM TAX - Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (REF SEE FISC NOTE LF RV See Note)
		HB21	BOURRIAQUE	TAX/SALES & USE - Requires the secretary of the Department of Revenue to annually estimate revenue derived from aviation fuel collections (Items #8 and 11) (EN SEE FISC NOTE SD EX See Note)
		HB25	RISER	TAX/SEVERANCE TAX - Provides relative to severance tax on oil and gas and for dedication of certain severance tax revenues (Item #9) (RE1 NO IMPACT See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

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