House Committee on Ways and Means
April 27, 2021
Upon Adjournment of the House
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
 HB7FREEMANTAX/SALES-USE-EXEMPT - Provides for a sales and use tax exemption for feminine hygiene products and diapers (EN -$11,100,000 GF RV See Note)
 HB36DEVILLIERTAX CREDITS - Reduces the annual cap on the amount of motion picture production tax credits awarded, the cap on the amount of credits claimed on tax returns, and reduces the per project cap (OR +$80,000,000 GF RV See Note)
 HB43DEVILLIERTAX/SALES-USE-EXEMPT - Exempts certain business utilities from state sales and use taxes (OR -$69,200,000 GF RV See Note)
 HB50STEFANSKITAX/SALES & USE - Provides a state and local sales and use tax exclusion for certain re-leases or re-rentals of items of tangible personal property (EN DECREASE GF RV See Note)
 HB114DEVILLIERTAX/AD VALOREM-EXEMPTION - (Constitutional Amendment) Phases-in over a four-year period an exemption for items constituting business inventory (OR -$444,500,000 LF RV See Note)
 HB131COUSSANTAX CREDITS - Establishes an income tax credit for donations of property used for research or direct education of students to certain educational institutions (EG -$2,120,000 GF RV See Note)
 HB148ECHOLSTAX/SALES-USE, STATE - Exempts certain educational institutions from state sales and use tax on the lease or rental of tangible personal property (EN -$200,000 GF RV See Note)
 HB205DEVILLIERTAX/INCOME TAX - (Constitutional Amendment) Eliminates the mandatory corporation income tax deduction for federal income taxes paid (OR SEE FISC NOTE GF RV See Note)
 HB208DEVILLIERTAX/CORP INCOME - Repeals the income tax deduction for federal income taxes paid for purposes of calculating corporation income tax (OR +$89,700,000 GF RV See Note)
 HB209DEVILLIERTAX/CORP INCOME - Provides for the rate of corporation income tax (OR -$250,000,000 GF RV See Note)
 HB279DEVILLIERTAX/CORP FRANCHISE - Phases-out the corporation franchise tax over a certain period of time (OR -$397,000,000 GF RV See Note)
 HB318DEVILLIERTAX/AD VALOREM-MFG/EXEMP - (Constitutional Amendment) Provides for the ad valorem tax exemption for industrial manufacturers (OR NO IMPACT LF RV See Note)
 HB454DEVILLIERTAX/INCOME TAX - Reduces the amount of certain income tax exclusions, exemptions, deductions, and credits (OR +$850,000,000 GF RV See Note)
 HB486DEVILLIERTAX/SALES-USE-EXEMPT - (Constitutional Amendment) Provides relative to state sales and use tax exemptions for food for home consumption, utilities for residential use, and prescription drugs (OR INCREASE GF RV See Note)
 HB488PRESSLYTAX/INCOME TAX - (Constitutional Amendment) Establishes the maximum rate for purposes of calculating individual income taxes and repeals the mandatory deduction for federal income taxes paid (OR SEE FISC NOTE GF RV See Note)
 HB489PRESSLYTAX/AD VALOREM-EXEMPTION - (Constitutional Amendment) Exempts items constituting business inventory from ad valorem property tax (OR -$444,500,000 LF RV See Note)
 HB506BEAULLIEUTAX/INCOME TAX - Increases the amount of the net operating loss deduction (RE -$20,300,000 GF RV See Note)
 HB527CREWSTAX CREDITS - Expands eligibility for the digital interactive media and software tax credit to include information technology services (OR DECREASE GF RV See Note)
 HB540HILFERTYTAX/SALES & USE - Provides a sales and use tax exemption for purchases of construction materials by certain charitable organizations (OR DECREASE GF RV See Note)
 HB543DEVILLIERTAX/STATE - Repeals individual income, corporate income, and corporate franchise taxes and repeals all credits, deductions, exemptions, and exclusions from the tax (OR DECREASE GF RV See Note)
 HB546PRESSLYTAX/STATE - Reduces the rates and brackets for purposes of calculating individual income tax liability and the tax liability for estates and trusts and modifies certain income tax credits, exemptions, and deductions (OR +$172,000,000 GF RV See Note)
 HB547PRESSLYTAX/CORP INCOME - Levies a flat corporate income tax, repeals the corporation franchise tax, repeals deductibility of federal income taxes paid, and terminates certain income tax credits (OR DECREASE GF RV See Note)
 HB615FREIBERGTAX/GASOLINE TAX - Adjusts the amount of excise tax levied on gasoline, diesel, and special fuels and levies new taxes on gasoline, diesel, special fuels, and electric and hybrid vehicles (EG INCREASE SD RV See Note)
 HB616MIKE JOHNSONTAX CREDITS - Establishes an individual income tax credit for volunteer firefighters (OR -$1,102,954 GF RV See Note)
 HB693DAVISTAX/SALES-USE, STATE - Dedicates a portion of the avails of state sales and use tax to the Construction Subfund of the Transportation Trust Fund and extends .4% of current state sales and use tax (EG -$37,800,000 GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS
 Persons who do not feel comfortable giving testimony in person at this time may submit a prepared statement in accordance with House Rule 14.33 in lieu of appearing before the committee:
 A. Any interested person or any committee member may file with the committee a prepared statement concerning a specific instrument or matter under consideration by the committee or concerning any matter within the committee's scope of authority, and the committee records shall reflect receipt of such statement and the date and time thereof.
 B. Any person who files a prepared statement which contains data or statistical information shall include in such prepared statement sufficient information to identify the source of the data or statistical information. For the purposes of this Paragraph, the term "source" shall mean a publication, website, person, or other source from which the data or statistical information contained in the prepared statement was obtained by the person or persons who prepared the statement.
 NOTE: Statements emailed to hwmc@legis.la.gov and received prior to noon on Monday, April 26, 2021, will be distributed to the committee members prior to the meeting.
 All persons desiring to participate in the meeting shall utilize appropriate protective health measures and observe the recommended and appropriate social distancing.