HLS 10RS-1351 ORIGINAL
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Regular Session, 2010
HOUSE CONCURRENT RESOLUTI ON NO. 44
BY REPRESENTATIVE HENRY
TAX CREDITS: Urges and requests the Dept. of Natural Resources and the Office of
Coastal Protection and Restoration, to study the practicality and feasibility of the
state authorizing tax credits for certain coastal preservation projects
A CONCURRENT RESOLUTI ON1
To urge and request the Department of Natural Resources and the Office of Coastal2
Protection and Restoration, to study the economic feasibility and practicality of the3
state authorizing tax credits for certain costs and expenses attributable to the4
mitigation of deterioration of coastal property, and to report its findings to the House5
ways and means and natural resources and environment committees and the Senate6
revenue and fiscal affairs and natural resource committees prior to the convening of7
the 2011 Regular Session of this Legislature.8
WHEREAS, Louisiana has thirty percent of the total coastal marsh in the lower forty-9
eight states, and accounts for ninety percent of the coastal marsh loss in that area; and10
WHEREAS, between 1990 and 2000, coastal land loss was approximately twenty-11
four square miles per year, which is equivalent to the loss of an area equal to one football12
field every thirty-eight minutes, and the projected land loss over the next fifty years, even13
with current restoration efforts, is estimated to be five hundred square miles; and14
WHEREAS, the coast of Louisiana, its communities, businesses, and natural15
resources are of the utmost importance to the welfare of this state, which coastline can be16
sustained through the creation of an integrated system of protection and restoration; and 17
WHEREAS, in order to boost awareness and participation in the state's efforts to18
restore Louisiana's coastline and to mitigate the deterioration of coastal properties, the state19
should consider all avenues of tax incentives in the form of income and corporation franchise20
tax credits for businesses which choose to participate in coastal restoration activities on21
business property; and22 HLS 10RS-1351 ORIGINAL
HCR NO. 44
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WHEREAS, before the state considers legislation authorizing income and1
corporation franchise tax credits, issues such as the appropriate amount for the credit, the2
types of mitigation projects that should qualify for such tax credits, and the administration3
of such a tax credit program should be fully examined and studied; and4
WHEREAS, before the state considers legislation authorizing these tax credits, the5
state should fully examine whether the economic benefits of offering such tax credits and6
the actual protection of the coastline as a result of these mitigation projects would outweigh7
the financial obligation to the state to offer them; and8
WHEREAS, the Department of Natural Resources and the Office of Coastal9
Protection and Restoration are intricately involved in coastal protection and restoration10
projects designed to mitigate the deterioration of coastal property and therefore would be the11
proper governmental agencies to study this issue.12
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby13
urge and request the Department of Natural Resources and the Office of Coastal Protection14
and Restoration, to study the economic feasibility and practicality of the state authorizing15
tax credits for certain costs and expenses attributable to the mitigation of deterioration of16
coastal property, and to report its findings to the House ways and means and natural17
resources and environment committees and the Senate revenue and fiscal affairs and natural18
resource committees prior to the convening of the 2011 Regular Session of the Legislature.19
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the20
secretary of the Department of Natural Resources and to the executive director of the Office21
of Coastal Protection and Restoration. 22
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Henry HCR No. 44
Urges and requests the Dept. of Natural Resources and the Office of Coastal Protection and
Restoration, to study the economic feasibility and practicality of the state authorizing tax
credits for certain costs and expenses attributable to the mitigation of deterioration of coastal
property, and to report its findings to the House ways and means and natural resources and
environment committees and the Senate revenue and fiscal affairs and natural resource
committees prior to the convening of the 2011 R.S.