Provides relative to standards and procedures for audits by the Department of Economic Development or the Louisiana Film Office of motion picture productions. (8/1/12)
Authorizes the parishes of Calcasieu, Jefferson, and Orleans to establish an automobile rental tax district and to levy an automobile rental tax not to exceed three percent beginning July 1, 2012. (gov sig) (RE2 +$3,800,000 LF RV See Note)
Authorizes the levy and collection of a local tax of 3% on the gross proceeds derived from the lease or rental of an automobile pursuant to an automobile rental contract in any parish in which collection of the tax is approved by the registered voters of the parish and provides for the allocation of tax revenues in certain parishes and provides for the allocation of tax revenues in certain parishes. (7/1/12) (REF +$5,568,000 LF RV See Note)
Removes certain water transportation companies from the definition of public service property for the purposes of assessment. (8/1/12) (OR DECREASE LF RV See Note)
Phases down the highest corporate income tax rates (5% to 8%) to 4% over a four-year period starting for tax years beginning in 2013. (gov sig) (OR -$207,000,000 GF RV See Note)
Establishes the Corporate Tax Apportionment Program for the granting of contracts for certain businesses to utilize the single sales factor to compute their taxable for income tax purposes and their taxable capital for franchise tax purposes. (7/1/12) (EG DECREASE GF RV See Note)
Provides relative to provisions in Title 47 which are limited in applicability to political subdivisions or local areas meeting specified population characteristics.
Constitutional amendment to repeal severance taxes upon oil and gas and to allow the levy of a tax upon hydrocarbon processing and to require a dedication of the first use of such taxes to replace constitutional dedications of severance tax and to require the distribution of the remainder for state highways or bridges, the Coastal Protection and Restoration Fund, and to or for the use of schools, colleges and universities, and other post secondary education institutions. (2/3-CA13sl(A)) (EG INCREASE SD RV See Note)
Constitutional amendment to authorize the full homestead exemption for an owner in indivision who is occupying the homestead if the exemption had been allowed to such owner prior to June 20, 2003. (2/3 - CA13s1(A)) (OR SEE FISC NOTE LF RV)
Increases the contract price which requires nonresident contractors to register with the Department of Revenue and provide surety for the payment of state and local tax from $3,000 or more to the same amount or more which would require the nonresident contractor to register with the State Licensing Board for Contractors and grants local sales tax collectors authority to require surety and enforce it for nonresident contractors not registered with the department (8/15/10) (OR SEE FISC NOTE SG RV)