All Tax Legislation - Louisiana

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.

Creates the WELL LA Trust. (8/15/08) (EG INCREASE GF EX See Note)

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)

Repeals certain notice and publication requirements and deadlines which are in addition to those provided for in Const. Art. VII, Sec. 23(C) in order for property tax recipient bodies to roll-forward millages without voter approval. (gov sig)

Repeals the state sales tax levied at the rate of ninety-seven one hundredths of one percent except for the tax levied on hotel and motel rooms which is dedicated to the parishes. (7/1/08) (OR -$773,500,000 GF RV See Note)

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)

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)

Provides for donations of refunds of individual income tax to the Coastal Protection and Restoration Fund and for donations in addition to such taxes. (gov sig) (EN NO IMPACT GF RV See Note)

Requires individual income tax brackets to be increased each year by the percentage increase in the CPI-U (Consumer Price Index city average for all urban consumers) for the immediately preceding year. (gov sig)

Removes the need for written approval of the commissioner of administration before a digital media producer tax credit certification letter is issued. (gov sig)

Provides technical changes to Title 47 of the Louisiana Revised Statutes. (8/15/08)

Redistributes certain state sales taxes collected on hotel occupancy in Rapides Parish. (gov sig) (OR SEE FISC NOTE SD RV)

To require tax recipient bodies to adopt a third ordinance or resolution levying millages which have been "rolled forward" by a 2/3's vote of the tax recipient body. (gov sig) (OR SEE FISC NOTE LF EX)

Prohibits an action to collect a tax applicable to movables on certain purchases of certain manufactured homes between 9/1/05 and 12/31/06 used as residences in certain parishes which were impacted by hurricanes Katrina and Rita, if the basis of such action is the date upon which a declaration of immovability is recorded in the conveyance or mortgage records. (7/1/08) (EN DECREASE GF RV See Note)

Provides relative to the direct shipments of wine. (gov sig)

Memorializes congress to extend the GO Zone bonus depreciation benefit to all parishes in the Gulf Opportunity Zone