Requires the Louisiana Workforce Commission to provide information to LED and LDR to verify payroll and employment of Louisiana residents for purposes of the motion picture investor tax credit. (7/1/15) (EN SEE FISC NOTE GF RV See Note)
Provides for a swap of refundable tax credits by establishing a system to terminate certain existing exemptions, exclusions, deductions, and credits to fund refundable credits for donations to higher education and health care. (7/1/15)
Provides for the collection of sales and use tax imposed on the purchase of motor vehicles by certain foreign business entities (EN INCREASE GF RV See Note)
Suspends from July 1, 2015, through June 30, 2016, certain exclusions, exemptions, deductions, or credits against the corporation income tax and the corporation franchise tax.
Constitutional amendment to phase-in over a four-year period an exemption from ad valorem property taxes for inventory held by manufacturers, distributors, and retailers, and natural gas held, used, or consumed in providing natural gas storage services or operating natural gas storage facilities. (2/3 - CA13s1(A)) (1/1/16)
Constitutional amendment to reduce 10-Year Industrial Exemptions originally granted before January 1, 2017, to 60% of the property originally exempted and extend the term for an additional two years. (2/3 - CA13s1(A))
Authorizes taxing authorities to decline to collect property tax on inventory held by manufacturers, distributors, and retailers if the taxing authority accepts a payment provided by law in lieu of the ad valorem taxes. (1/1/16)