Senate Committee on Revenue and Fiscal Affairs
April 24, 2023
9:30 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:
 April 17, 2023

LEGISLATION TO BE CONSIDERED
 SB1BRET ALLAINTAX/FRANCHISE/CORPORATE - Phases-out the corporate franchise tax. (See Act) (EN -$163,000,000 GF RV See Note)
 SB2BRET ALLAINTAX EXEMPTIONS - Constitutional amendment to phase out the tax on inventory and establish the maximum allowable exemption for the industrial property tax exemption program. (2/3 - CA13s1(A)) (EG SEE FISC NOTE GF RV See Note)
 SB3BRET ALLAINTAX/TAXATION - Changes the month for the annual determination of the personal income tax and corporate franchise tax automatic rate reductions. (8/1/23) (EN NO IMPACT GF RV See Note)
 SB8LUNEAUTAX/LOCAL - Provides relative to interest applicable to local sales and use taxes paid under protest. (8/1/23) (EN SEE FISC NOTE LF RV See Note)
 SB19BRET ALLAINTAX/INCOME/CORPORATE - Eliminates the inventory tax credit for corporations and reduces the corporate income tax rates. (1/1/24) (EG +$10,000,000 GF RV See Note)
 SB41MIZELLTAX/TAXATION - Establishes a tax credit for certain maternal wellness centers. (8/1/23) (EN -$5,000,000 GF RV See Note)
 SB56CATHEYTAX EXEMPTIONS - Reinstates the Second Amendment sales tax holiday. (7/1/23) (EN DECREASE GF RV See Note)
 SB72BOUIEBONDS - Provides relative to the issuance of revenue bonds on behalf of the Department of Public Safety and Corrections. (gov sig) (EN NO IMPACT See Note)
 SB79LUNEAUTAX/TAXATION - Provides relative to expenditures utilized to claim income and franchise tax credits. (gov sig) (EG SEE FISC NOTE GF RV See Note)
 SB86FIELDSTAX EXEMPTIONS - Constitutional amendment to provide that all 10-Year Industrial Exemption contracts entered into after 12/31/23 shall be entered into only on condition that the exemption shall not apply to taxes levied for purposes related to elementary and secondary education. (2/3-CA13s1(A)) (OR INCREASE LF RV See Note)
 SB126FIELDSTAX EXEMPTIONS - Constitutional amendment to provide that all 10-Year Industrial Exemption contracts renewed after 12/31/2023 shall be renewed only on condition that the exemption shall not apply to taxes levied for purposes related to elementary and secondary education. (2/3-CA13s1(A)) (OR INCREASE LF RV See Note)
 SB132REESECAPITAL OUTLAY - Provides relative to exemptions to capital outlay procedure. (8/1/23) (EN SEE FISC NOTE See Note)
 SB151REESEECONOMIC DEVELOPMENT - Provides relative to the Louisiana New Markets Jobs Act. (gov sig) (EN -$22,500,000 GF RV See Note)
 SB166JACKSON-ANDREWSCAPITAL OUTLAY - Authorizes the division of administration to waive local match requirements for certain non-state entity projects. (gov sig) (EN DECREASE LF EX See Note)
 SB193CATHEYTAX/AD VALOREM - Provides relative to the allocation of ad valorem tax assessed values of certain property. (gov sig) (OR SEE FISC NOTE LF RV)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT

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