Agenda - Ways and Means

House Committee on Ways and Means
May 1, 2023 9:00 a.m. 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
	HB610	JENKINS	TAX/INCOME-INDIV/EXEMPT - Increases the tax-exempt amount of annual retirement income (EG -$15,300,000 GF RV See Note)
	HB612	NEWELL	TAX - Levies taxes on sales of cannabis and dedicates revenues derived from those taxes (OR SEE FISC NOTE GF RV See Note)
	HB614	RISER	TAX CREDITS - Establishes the Louisiana Onshore and Offshore Packaged Fire Safety Equipment Income Tax Credit program (OR -$50,000,000 GF RV See Note)
	HB617	EDMONDS	TAX CREDITS - Establishes the Life Sciences Investment Tax Credit Program which consists of a Life Sciences Investment Tax Credit and a Life Sciences FDA Medical Device User Fee tax credit (OR DECREASE GF RV See Note)
	HB618	WILLARD	TAX CREDITS - Provides with respect to the credit and the deduction for taxes paid to other states (EN +$39,000,000 GF RV See Note)
	HB620	FREIBERG	TAX - Levies a tax on retail sales of cannabis and dedicates revenues derived from the tax (OR SEE FISC NOTE GF RV)
	HB622	BEAULLIEU	TAX/CORP INCOME - Increases the net operating loss deduction allowed for tax year 2023 and thereafter (OR -$19,000,000 GF RV See Note)
	HB626	LYONS	TAX/INCOME-INDIV/CREDIT - Establishes a tax credit for workers who commute to out-of-state sites for certain jobs that had formerly been located in Louisiana (OR DECREASE GF RV See Note)
	HB632	KNOX	TAX CREDITS - Establishes the Next Generation Tax Credit for taxpayers claiming a dependent five years of age or younger (OR -$40,600,000 GF RV See Note)
	HB634	MCFARLAND	TAX/SEVERANCE TAX - Provides relative to a severance tax exemption for deep-well oil and gas production (EN DECREASE GF RV See Note)
	HB637	MINCEY	TAX CREDITS - Establishes a tax credit for businesses that invest in certain school programs (OR DECREASE GF RV See Note)
	HB638	MCFARLAND	TAX/INCOME TAX - Provides relative to tax benefits for adoption of children from foster care and donations to foster care charitable organizations (RE DECREASE GF RV See Note)
	HB639	FREIBERG	TAX/INCOME TAX - Repeals the individual income tax deduction for net capital gains (OR INCREASE GF RV See Note)
	HB642	JENKINS	TAX/SALES & USE - Provides relative to sales and use taxation of certain digital products and services (EG INCREASE GF RV See Note)
OTHER BUSINESS
ANNOUNCEMENTS

Any person who does not feel comfortable giving testimony in person 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 Friday, April 28, 2023, will be distributed to the committee members prior to the meeting.