Creates individual income tax checkoffs for The Louisiana Association for the Blind, the Louisiana Center for the Blind, and Affiliated Blind of Louisiana, Inc. (EN NO IMPACT GF RV See Note)
Grants a refundable individual income tax credit for up to $600 of deposits made in a tax year to Wind and Hail Deductible Savings Accounts which provide reimbursement to the account holder for damages or losses not covered because of a deductible. (gov sig) (OR DECREASE GF RV See Note)
Authorizes for corporations a net operating loss carryback of 5 years if the loss is attributable to Hurricane Isaac. (see Act) (EN DECREASE GF RV See Note)
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)
Creates an individual income tax return checkoff for donations for the establishment and operation of a center of excellence for autism spectrum disorder. (8/1/12) (OR NO IMPACT GF RV See Note)
Provides for performance based tax rebates by local governmental subdivisions for musical or other entertainment events held in public facilities under certain conditions. (7/1/12)