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.
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CALL TO ORDER

ROLL CALL

DISCUSSION OF LEGISLATION
 HCR8MONTOUCETTAX/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)
 HCR9P.SMITHTAX/SALES & USE - Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
 HCR14JACKSON-ANDREWSTAX/SALES & USE - Suspends exemptions to the state sales and use tax (EG +$177,400,000 GF RV See Note)
 HCR15MONTOUCETTAX/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)
 HCR55MONTOUCETTAX/INCOME TAX - Suspends income and corporate franchise tax credits
 HCR57MONTOUCETTAX/INCOME TAX - Suspends all individual income tax credits, deductions, exclusions, and exemptions
 HCR58MONTOUCETTAX/INCOME TAX - Suspends all corporate income tax credits, deductions, exclusions, and exemptions
 HB509P.SMITHTAX/SALES & USE - Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)
 HB513BARROWTAX/SALES & USE - Suspends a certain portion of state sales and use tax exemptions (OR +$177,400,000 GF RV See Note)
 HB549THIBAUTTAX/SEVERANCE-EXEMPTION - Modifies exemptions, suspensions, and special rates from July 1, 2015 to June 30, 2017 (EN NO IMPACT GF RV See Note)
 HB550THIERRYTAX/INCOME TAX - Reduces the individual income tax rates for purposes of computing individual income tax liability
 HB553JAMESTAX/INCOME TAX - Reduces the amount of the individual income tax deduction for excess itemized personal deductions (OR +$161,500,000 GF RV See Note)
 HB558JAMESTAX/SEVERANCE-EXEMPTION - Reduces the severance tax exemption for certain horizontally drilled wells
 HB563THIERRYTAX CREDITS - Reduces certain income and corporation franchise tax credits (OR +$13,000,000 GF RV See Note)
 HB565LEGERTAX/SALES & USE - Suspends a certain portion of state sales and use tax exemptions (EG +$165,000,000 GF RV See Note)
 HB624JACKSON-ANDREWSTAX/CORP INCOME - Reduces the amount of certain corporate income tax exclusions and deductions (EN +$122,000,000 GF RV See Note)
 HB629JACKSON-ANDREWSTAX CREDITS - Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
 HB631LANCE HARRISTAX/SEVERANCE-EXEMPTION - Changes the amount and duration of the severance tax exemption for certain horizontally drilled wells (OR SEE FISC NOTE GF RV)
 HB635JACKSON-ANDREWSTAX/TAX REBATES - Reduces all tax rebates (EN +$5,000,000 GF RV See Note)
 HB713T.LANDRYTAX CREDITS - Reduces certain income and corporate franchise tax credits (OR +$3,200,000 GF RV See Note)
 HB723BURRELLTAX CREDITS - Reduces certain income and corporation franchise tax credits (OR +$7,000,000 GF RV See Note)
 HB724HUNTERTAX CREDITS - Reduces certain income and corporation franchise tax credits (OR +$1,250,000 GF RV See Note)
 HB757P.SMITHTAX CREDITS - Reduces certain income and franchise tax credits (OR +$13,000,000 GF RV See Note)
 HB759THIERRYTAX CREDITS - Reduces certain income and corporation franchise tax credits (OR +$11,000,000 GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS