House Committee on Ways and Means
February 22, 2016
9:00 am
Room 6

Adjourned		 



  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
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CALL TO ORDER

ROLL CALL

DISCUSSION OF LEGISLATION
 HCR3HAVARDTAX/SALES-USE-EXEMPT - Urges and requests the Department of Revenue to reexamine their revenue ruling determination that a certain rate reduction and tax exemption is applicable to sellers of nonprepared foods
 HB35MORRISTAX CREDITS - Increases the refundable amount of the tax credit for local inventory taxes paid to political subdivisions (Item #31) (OR -$20,000,000 GF RV See Note)
 HB36MORRISTAX/CORP INCOME - Reduces the rates and modifies the brackets for purposes of calculating corporate income tax liability (Item #3) (OR DECREASE GF RV See Note)
 HB37BACALATAX CREDITS - Accelerates the termination date for the solar energy systems tax credit (Item #26) (OR SEE FISC NOTE GF RV)
 HB46JAMESTAX CREDITS - Reduces the amount of certain ad valorem tax credits and provides for the carry forward rather than the refund of a certain portion of excess credit amounts (Item #31) (EG +$48,000,000 GF RV See Note)
 HB47JAMESTAX CREDITS - Reduces the amount of certain ad valorem tax credits and provides for the carryforward rather than the refund of a certain portion of excess credit amounts (Item #31) (EG +$48,000,000 GF RV See Note)
 HB50ABRAMSONTAX/CORP INCOME - Provides relative to the state taxation of corporations (Items #3 and 19) (OR DECREASE GF RV See Note)
 HB53ABRAMSONTAX/SALES-USE, STATE - To establish a framework upon which to repeal the property tax on business inventories and offshore vessels as well as the state income tax credits associated therewith through the repeal of a state sales and use tax, the levy of a limited, temporary state sales and use tax, and limitations on the applicability of certain exclusions and exemptions from certain state sales and use taxes (Items #31 and 36) (OR SEE FISC NOTE GF RV)
 HB55LEGERTAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (EN INCREASE GF RV See Note)
 HB57STOKESTAX CREDITS - Repeals three-year sunset on certain eligibility requirements relative to the income tax credit for net taxes paid to other states (Item #13) (EGF DECREASE GF RV See Note)
 HB58JACKSON-ANDREWSTAX/CORP INCOME - Provides relative to the apportionment formula for computing corporate income tax (Item #5) (OR SEE FISC NOTE GF RV)
 HB59MORENOTAX/SALES-USE, STATE - Provides relative to imposition of the state sales and use tax on hotels (Items #9 and 30) (EN INCREASE SD RV See Note)
 HB60HAVARDTAX/SALES-USE-EXEMPT - Provides with respect to the sales of certain food and beverages at convenience stores (Item #36) (OR INCREASE GF RV See Note)
 HB61MORRISTAX/SALES & USE - To provide with respect to the applicability of certain exclusions and exemptions from state sales and use taxes (EN +$272,300,000 GF RV See Note)
 HB72SHADOINTAX/SALES-USE, STATE - Increases the state sales tax on telecommunications services (Item #24) (EN +$2,200,000 GF RV See Note)
 HB73MORRISTAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (OR INCREASE GF RV See Note)
 HB74MORRISTAX/CORP INCOME - Provides for methods of determining income subject to the corporation income tax (Item #5) (OR INCREASE GF RV See Note)
 HB75STOKESTAX/INCOME TAX - Changes the rates and brackets for purposes of calculating individual income tax liability and eliminates certain deductions (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
 HB76STOKESTAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid for purposes of computing individual and corporate income taxes and references to the maximum amount of individual income tax rates and brackets (Item #3) (RE1 SEE FISC NOTE GF RV See Note)
 HB78IVEYTAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid and provides for the maximum rate for individual income tax (Items #2, 3, 17, and 19) (EG SEE FISC NOTE GF RV See Note)
 HB79IVEYTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating corporate income taxes (Item #17) (EG +$22,000,000 GF RV See Note)
 HB80STOKESTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating individual and corporate income taxes (Item #17) (RE1 SEE FISC NOTE GF RV See Note)
 HB81THIBAUTTAX/SALES & USE - (Constitutional Amendment) Repeals certain state sales and use tax exemptions (Items #16 and 36) (EG SEE FISC NOTE GF RV See Note)
 HB82STOKESTAX/TAXATION - (Constitutional Amendment) Provides with respect to limitations on sales and use tax including exclusions and exemptions (Item #36) (OR +$90,800,000 SG RV See Note)
 HB83STOKESTAX/TAXATION - (Constitutional Amendment) Provide with respect to limitations on the power to tax (Item #3 and 36)
 HB84JACKSON-ANDREWSTAX/SALES-USE-EXEMPT - (Constitutional Amendment) Removes the prohibition against levying a state sales and use tax on the sale of gasoline (Item #36) (EG +$90,800,000 GF RV See Note)
 HB85MORRISTAX/INCOME TAX - Provides relative to the allowable amount of net operating loss deduction (Item #12) (OR SEE FISC NOTE GF RV See Note)
 HB87ANDERSTAX/INSURANCE PREMIUM - Reduces the amount of the insurance premium tax for certain Louisiana investments (Item #6) (EN +$8,300,000 GF RV See Note)
 HB88BROADWATERTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating individual and corporate income taxes (Item #17) (OR +$374,000,000 GF RV See Note)
 HB90IVEYTAX/CORP FRANCHISE - Phases out the corporation franchise tax (Item #28) (OR DECREASE GF RV See Note)
 HB91BISHOPTAX/AD VALOREM TAX - (Constitutional Amendment) Adds certain property tax exemptions and dedicates certain revenue (Item #7, 26, and 31)
 HB92BISHOPTAX/TAXATION - Eliminates the refundability of the tax credit for ad valorem taxes paid on inventory by certain taxpayers (Item #26)
 HB93SAM JONESTAX/SALES & USE - Provide with respect to the payment of advance sales tax (Item #35) (OR INCREASE GF RV See Note)
 HB94MONTOUCETTAX/SALES-USE-EXEMPT - Provides for the extent of the sales and use tax exemption for business utilities (Item #16) (OR SEE FISC NOTE GF RV)
 HB95LEGERTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating corporate income taxes (Item #17) (EN +$22,000,000 GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS