Top Legislation - View All
Latest Action: 03/31/2008 - Read by title, under the rules, referred to the Committee on Ways and Means. Bill Text Increases the threshold for Board of Tax Appeals' approval of delinquent penalty waivers (OR DECREASE SG RV See Note)
Latest Action: 06/22/2008 - Effective date 6/22/08. Bill Text Provides for reduction of rates and brackets for the tax on incomes of individuals, estates, and trusts. (gov sig) (EN -$359,000,000 GF RV See Note)
Latest Action: 03/09/2008 - Introduced in the Senate, rules suspended, read first and second time by title and referred to the committee on Revenue and Fiscal Affairs. Bill Text Increases the total aggregate amount of credits that may be taken under the new markets tax credit an additional $50 million after July 1, 2008 and increases the credit cap for a single business from $5 million to $15 million for investments in "Target Industries." (7/1/08) (OR -$4,000,000 GF RV See Note)
Latest Action: 03/11/2008 - Rules suspended; introduced in the Senate. Rules suspended, read first and second time by title and referred to the Committee on Revenue and Fiscal Affairs. Bill Text Authorizes individual income tax deductions for elementary and secondary school tuition under certain circumstances and for certain educational expenses at certain elementary and secondary schools. (gov sig)
Latest Action: 03/14/2008 - Read by title. Returned to the calendar subject to call Bill Text Reduces individual income tax rates and brackets, and restores the full deduction for excess federal itemized personal deductions, to the same amounts as provided for prior to the enactment of the Stelly Plan (Act 51 of 2002) except for the reduction in rates for the lowest brackets. (gov sig)
Latest Action: 03/14/2008 - Signed by the Speaker of the House. Bill Text Memorializes the commissioner of the Internal Revenue Service and the Congress of the United States to take action to provide that certain amounts received by homeowners in Louisiana to offset Louisiana Citizens Property Insurance Assessments on their homeowner's insurance premiums because of the unprecedented damage and destruction of homes in the recent hurricanes shall not be considered as income for federal tax purposes.
Latest Action: 07/01/2005 - Effective date 7/1/05. Bill Text Exempts sale or lease and repairs of certain rail rolling stock (EN -$500,000 GF RV See Note)
Latest Action: 04/25/2005 - Read by title, under the rules, referred to the Committee on Ways and Means. Bill Text Restores the income tax deduction for excess federal itemized deductions (OR -$125,000,000 GF RV See Note)
Latest Action: 04/25/2005 - Read by title, under the rules, referred to the Committee on Ways and Means. Bill Text Extends the availability of the tax credit for the rehabilitation of historic structures to additional downtown development districts
Latest Action: 04/25/2005 - Read by title, under the rules, referred to the Committee on Ways and Means. Bill Text Returns the individual income tax rates and brackets to those prior to the "Stelly Plan"
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Latest Legislation - View All
Latest Action: 06/23/2008 - Received from the House without amendments. Bill Text Requests the Senate Committee on Revenue and Fiscal Affairs and the House Committee on Ways and Means to study whether Louisiana should adopt a physical jurisdictional standard for purposes of levying corporate income and franchise tax and support the adoption by Congress of the Business Activity Simplification Act.
Latest Action: 06/23/2008 - Enrolled, signed by the President of the Senate and sent to the Secretary of State on 06/25. Bill Text Requests the Senate Revenue and Fiscal Affairs Committee to study whether Louisiana should adopt a physical presence jurisdictional standard for purposes of levying corporate income and franchise tax and support the adoption by Congress of the Business Activity Simplification Act.
Latest Action: 07/06/2008 - Effective date: July 6, 2008. Bill Text Provides relative to authority of persons to sign tax returns and agreements (EN NO IMPACT GF RV See Note)
Latest Action: 06/05/2008 - Read by title, under the rules, referred to the Committee on Ways and Means. Bill Text Urges and requests the Senate Committee on Revenue and Fiscal Affairs and the House Committee on Ways and Means to study increasing the amount allocated to local governing authorities from the severance tax on oil and gas.
Latest Action: 06/05/2008 - Read by title. Returned to the calendar subject to call as amended. Bill Text Creates the WELL LA Trust. (8/15/08) (EG INCREASE GF EX See Note)
Latest Action: 05/20/2008 - Read by title, amendments adopted, ordered engrossed and recommitted to the committee on Revenue and Fiscal Affairs. Bill Text Creates the Thomas H. Delpit Area Special District in the parish of East Baton Rouge and grants it certain TIF and tax authority to finance economic development projects within the district. (7/1/08) (EG DECREASE GF RV See Note)
Latest Action: 04/22/2008 - Read second time by title and referred to the Committee on Revenue and Fiscal Affairs. Bill Text Removes the office of the governor and the commissioner of administration from the tax credit certification process for musical or theatrical productions, and the office of the governor from the infrastructure project certification process. (gov sig)
Latest Action: 04/21/2008 - Rules suspended. Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Revenue and Fiscal Affairs. Bill Text Removes the need for written approval of the commissioner of administration before a Louisiana Digital Media Act credit certification letter is issued. (gov sig) (OR NO IMPACT GF RV See Note)
Latest Action: 06/03/2008 - Withdrawn from the files of the Senate. Bill Text Removes the need for written approval of the commissioner of administration before a digital media producer tax credit certification letter is issued. (gov sig)
Latest Action: 03/31/2008 - Introduced in the Senate, rules suspended, read first and second time by title and referred to the committee on Revenue and Fiscal Affairs. Bill Text Provides technical changes to Title 47 of the Louisiana Revised Statutes. (8/15/08)
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