(Constitutional Amendment) Establishes an ad valorem tax exemption for certain property subject to a cooperative endeavor agreement requiring the property owner to make payments in lieu of taxes (OR SEE FISC NOTE LF RV See Note)
To provide for the collection of local sales and use tax and local automobile rental tax on the lease or rental of a motor vehicle or automobile from lease facilitators
Requires the Department of Revenue to create and manage a technology solution to centralize sales and use tax registration, filing, and remittance (RE INCREASE GF EX See Note)
Suspends the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporation franchise tax (OR -$412,600,000 GF RV See Note)
Directs the Dept. of Revenue to develop data on the projected impact the COVID-19 pandemic will have on Louisiana business revenue in 2020 and on net operating loss carry forward tax deductions for future tax filings (OR INCREASE GF EX See Note)