House Committee on Ways and Means
April 29, 2015
Upon Adjournment
Room 6
Adjourned
* Agenda Revised April 28, 2015, 2:53 pm *
Revision Notes:
Removed HB 412 and HB 768
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
**Click on an instrument for additional information. Click on an author for the author's home page.
CALL TO ORDER
ROLL CALL
DISCUSSION OF LEGISLATION
HCR8
MONTOUCET
TAX/SALES-USE, ST-EXEMPT
- Suspends the exemption for business utilities as to the 0.97% state sales and use tax levy (EN +$103,000,000 GF RV See Note)
HCR9
P.SMITH
TAX/SALES & USE
- Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
HCR14
JACKSON-ANDREWS
TAX/SALES & USE
- Suspends exemptions to the state sales and use tax (EG +$177,400,000 GF RV See Note)
HCR15
MONTOUCET
TAX/SALES & USE
- Suspends annual state sales tax holidays until 60 days after adjournment of the 2016 Regular Session of the Legislature (EG1 +$3,300,000 GF RV See Note)
HCR55
MONTOUCET
TAX/INCOME TAX
- Suspends income and corporate franchise tax credits
HCR57
MONTOUCET
TAX/INCOME TAX
- Suspends all individual income tax credits, deductions, exclusions, and exemptions
HCR58
MONTOUCET
TAX/INCOME TAX
- Suspends all corporate income tax credits, deductions, exclusions, and exemptions
HB509
P.SMITH
TAX/SALES & USE
- Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
HB513
BARROW
TAX/SALES & USE
- Suspends a certain portion of state sales and use tax exemptions (OR +$177,400,000 GF RV See Note)
HB549
THIBAUT
TAX/SEVERANCE-EXEMPTION
- Modifies exemptions, suspensions, and special rates from July 1, 2015 to June 30, 2017 (EN NO IMPACT GF RV See Note)
HB550
THIERRY
TAX/INCOME TAX
- Reduces the individual income tax rates for purposes of computing individual income tax liability
HB553
JAMES
TAX/INCOME TAX
- Reduces the amount of the individual income tax deduction for excess itemized personal deductions (OR +$161,500,000 GF RV See Note)
HB558
JAMES
TAX/SEVERANCE-EXEMPTION
- Reduces the severance tax exemption for certain horizontally drilled wells
HB563
THIERRY
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$13,000,000 GF RV See Note)
HB565
LEGER
TAX/SALES & USE
- Suspends a certain portion of state sales and use tax exemptions (EG +$165,000,000 GF RV See Note)
HB624
JACKSON-ANDREWS
TAX/CORP INCOME
- Reduces the amount of certain corporate income tax exclusions and deductions (EN +$122,000,000 GF RV See Note)
HB629
JACKSON-ANDREWS
TAX CREDITS
- Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
HB631
LANCE HARRIS
TAX/SEVERANCE-EXEMPTION
- Changes the amount and duration of the severance tax exemption for certain horizontally drilled wells (OR SEE FISC NOTE GF RV)
HB635
JACKSON-ANDREWS
TAX/TAX REBATES
- Reduces all tax rebates (EN +$5,000,000 GF RV See Note)
HB713
T.LANDRY
TAX CREDITS
- Reduces certain income and corporate franchise tax credits (OR +$3,200,000 GF RV See Note)
HB723
BURRELL
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$7,000,000 GF RV See Note)
HB724
HUNTER
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$1,250,000 GF RV See Note)
HB757
P.SMITH
TAX CREDITS
- Reduces certain income and franchise tax credits (OR +$13,000,000 GF RV See Note)
HB759
THIERRY
TAX CREDITS
- Reduces certain income and corporation franchise tax credits (OR +$11,000,000 GF RV See Note)
OTHER BUSINESS
ANNOUNCEMENTS