Louisiana House Bill HR179

Louisiana 2010 Regular Session

• Introduced: 6/16/10

Caption

Urge and request the House Committee on Ways and Means to review and study the Tax Exemption Budgets for FY2010 and FY2011

Impact

The resolution's call for a review of tax exemptions could have significant implications for state laws and fiscal policy. By analyzing the costs and administrative burdens associated with tax exemptions, the House Committee will gain insight into the state’s current fiscal situation. Given the downturn in state revenues, especially in light of recent environmental disasters, the outcome of this review could influence future taxation and budgetary decisions, possibly leading to reforms in how tax exemptions are structured and implemented in Louisiana.

Summary

House Resolution 179 (HR179) urges the House Committee on Ways and Means to review and study the Tax Exemption Budgets for the fiscal years 2009-2010 and 2010-2011. This review is crucial as it aims to assess the purpose and effectiveness of existing tax exemptions and their impact on state revenue amidst economic challenges facing Louisiana, especially following the Gulf oil disaster. The resolution also highlights the importance of determining whether these exemptions are the most fiscally effective means of achieving their intended purposes.

Sentiment

The sentiment surrounding HR179 appears to be constructive, with support for its intent to critically analyze tax policies that may no longer serve the state's best interests. While the resolution itself is not associated with any substantial controversy, underlying tensions may exist due to differing opinions on tax policy management and the balance between taxation and public services. Still, the resolution seeks to ensure that the state’s tax exemption strategies are sound and beneficial for the citizens of Louisiana.

Contention

One potential point of contention might arise from differing political perspectives on taxation and governmental oversight. Critics could argue that such reviews could lead to unfair taxation practices or reductions in essential services funded by state revenues. Conversely, supporters may emphasize the need for a careful assessment of tax exemptions to prevent misuse of funds, ensuring fiscal responsibility during times of economic hardship. The balance between maintaining necessary public services and ensuring effective tax management will likely be a focal point during discussions.