Senate Committee on Revenue and Fiscal Affairs
September 29, 2020
10:00 a.m.
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:
June 30, 2020
LEGISLATION TO BE CONSIDERED
SB1
WARD
TAX/AD VALOREM
- Extends the carryforward period for the inventory tax credit for certain businesses. (1/1/21) (Items #26 and #65) (EN DECREASE GF RV See Note)
SB2
CATHEY
TAX EXEMPTIONS
- Exempts purchases of utilities by commercial farmers and agricultural manufacturers impacted by a declared state of emergency or disaster from state sales and use tax. (gov sig) (Item #26) (OR -$3,200,000 GF RV See Note)
SB3
CATHEY
TAX EXEMPTIONS
- Exempts business utilities from state sales tax for businesses impacted by 2020 states of disaster or emergency. (gov sig) (Item #26) (OR -$84,400,000 GF RV See Note)
SB4
CATHEY
TAX EXEMPTIONS
- Exempts purchases of certain farm equipment from the state sales and use tax during a declared state of emergency or disaster. (gov sig) (Item #26) (OR DECREASE GF RV See Note)
SB6
LAMBERT
CAPITAL OUTLAY
- Provides for capital outlay requests for a state-owned and administered project submitted by a budget unit of the state. (gov sig) (2/3 - CA7s11(C)) (Item #15) (EG NO IMPACT GF EX See Note)
SB8
CATHEY
TAX EXEMPTIONS
- Exempts purchases of utilities by businesses in the parishes impacted by Hurricane Laura from state sales and use tax. (gov sig) (Item #26)
SB9
CATHEY
TAX EXEMPTIONS
- Exempts purchases of construction materials from state sales and use tax in parishes impacted by certain disasters. (gov sig) (Item #26)
SB14
JOHNS
TAX/TAXATION
- Expands the Louisiana New Markets Jobs Act tax credit to certain recovery zones. (gov sig) (Item #65) (EN NO IMPACT GF RV See Note)
SB28
CATHEY
TAX/TAXATION
- Exempts purchases of certain equipment by broadband providers from sales and use tax. (gov sig) (Item #39) (OR DECREASE GF 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.