Removes the 50% cap on the deduction from taxable income of tuition and fees paid by a taxpayer for a dependent child to a nonpublic elementary or secondary school or to a public elementary or secondary lab school which is operated by a public college or university, making the deduction equal to the full amount paid up to $5,000 per child. (gov sig) (EN -$5,300,000 GF RV See Note)
Changes the Digital Interactive Media Producer Tax Credit to a refundable tax credit and provides other modifications to the program. (gov sig) (EN -$800,000 GF RV See Note)
Provides a credit against state income tax for sales taxes paid by contractors of state public works projects purchasing materials for the public work in-state. (8/15/11)
Grants a state tax exemption for water, mineral water, carbonated water, and flavored water sold in bottles, jugs, or containers for home consumption. (10/1/11) (EN -$8,300,000 GF RV See Note)
Provides for credit from income tax for eligible costs and expenses incurred during the rehabilitation of certain residential structures in storm impacted or economically depressed areas. (8/15/11)
Provides for the definition of contractor for the purposes of the occupational license tax in certain parishes. (7/1/11) (EN SEE FISC NOTE LF RV See Note)
Authorizes DEQ to once again grant transferable credits for the investigation or remediation of hazardous waste "brownfields" sites on and after July 1, 2011 through December 31, 2013, clarifies that the credit may be granted to any public or private "entity" whether taxable or non-taxable, and specifically authorizes credits for the remediation of public parks, playgrounds and other recreational areas. (7/1/11) (EN DECREASE GF RV See Note)
Changes the research and development tax credit program to a "rebate"; decreases the program from December 31, 2013 to June 30, 2013; reduces the amount of the rebate by requiring all employees to be counted in the size of the business, rather than only resident employees; and changes it calculation. (gov sig) (EN INCREASE GF RV See Note)
Extends employer's non-refundable apprenticeship tax credit against income tax and corporation franchise tax to taxable periods ending prior to January 1, 2015. (gov sig) (EN -$500,000 GF RV See Note)
Creates the Acadiana Cultural and Entertainment Special District and authorizes certain parishes within the district to provide an exemption from their sales tax for purchases by a motion picture production company for a specific state-certified movie production by that company. (gov sig) (EN DECREASE LF RV See Note)
Creates the Tax Structure and Governmental Program Review Commission to study the tax structure, including tax laws and related exemptions, exclusion, and credits, and governmental programs and operations in Louisiana.
Prohibits the State Bond Commission from approving bonds, notes, or other indebtedness of certain political subdivisions against whom there is an unpaid final, nonappealable judgment issued by a court of competent jurisdiction for amounts owed for services performed under contract. (8/1/12) (RE INCREASE SG EX See Note)
Provides for credit against local taxes when tangible personal property is brought into this state under certain circumstances. (1/1/13) (OR DECREASE LF RV See Note)