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Regular Session, 2010
HOUSE CONCURRENT RESOLUTI ON NO. 44
BY REPRESENTATIVE HENRY
A CONCURRENT RESOLUTI ON
To urge and request the Coastal Protection and Restoration Authority 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
resources committees prior to the convening of the 2011 Regular Session of the
Legislature.
WHEREAS, Louisiana has thirty percent of the total coastal marsh in the lower forty-
eight states, and accounts for ninety percent of the coastal marsh loss in that area; and
WHEREAS, between 1990 and 2000, coastal land loss was approximately twenty-
four square miles per year, which is equivalent to the loss of an area equal to one football
field every thirty-eight minutes, and the projected land loss over the next fifty years, even
with current restoration efforts, is estimated to be five hundred square miles; and
WHEREAS, the coast of Louisiana, its communities, businesses, and natural
resources are of the utmost importance to the welfare of this state, which coastline can be
sustained through the creation of an integrated system of protection and restoration; and
WHEREAS, in order to boost awareness and participation in the state's efforts to
restore Louisiana's coastline and to mitigate the deterioration of coastal properties, the state
should consider all avenues of tax incentives in the form of income and corporation franchise
tax credits for businesses which choose to participate in coastal restoration activities on
business property; and
WHEREAS, before the state considers legislation authorizing income and
corporation franchise tax credits, issues such as the appropriate amount for the credit, the
types of mitigation projects that should qualify for such tax credits, and the administration
of such a tax credit program should be fully examined and studied; and ENROLLEDHCR NO. 44
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WHEREAS, before the state considers legislation authorizing these tax credits, the
state should fully examine whether the economic benefits of offering such tax credits and
the actual protection of the coastline as a result of these mitigation projects would outweigh
the financial obligation to the state to offer them; and
WHEREAS, the Coastal Protection and Restoration Authority is intricately involved
in coastal protection and restoration projects designed to mitigate the deterioration of coastal
property and therefore would be the proper governmental agencies to study this issue.
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby
urge and request the Coastal Protection and Restoration Authority 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 resources committees prior to the convening
of the 2011 Regular Session of the Legislature.
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
chairman of the Coastal Protection and Restoration Authority.
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE