Repeals the corporation franchise tax and provisions relative to determining "taxable capital" for purposes of levying the tax (OR -$79,000,000 GF RV See Note)
Adds certain polyroll tubing to the definition of farm equipment for purposes of the state sales and use tax exemption for certain farm equipment (OR -$212,000 GF RV See Note)
Provides for a sales and use tax exemption for purchases of certain construction and building materials purchased by or for NOLA Motorsports Park (OR -$240,000 GF RV See Note)
Provides for effectiveness of the exclusion for sales of admissions to athletic and entertainment events held for or by an elementary and secondary school (Item #7)
Provides relative to admissions, parking fees, and sales of tangible personal property at events sponsored by domestic, civic, educational, historical, charitable, fraternal, or religious organizations which are nonprofit (Item #24)