Extends the Technology Commercialization and Jobs Tax Credit Program from Dec. 31, 2011, to Dec. 31, 2017, and converts it to a tax rebate (RE DECREASE GF RV See Note)
Urges and requests the La. Tax Commission to study and make recommendations relative to the practicality and feasibility of establishing a state-wide homestead exemption database
Clarifies and specifies the value of health care benefits offered to employees as a factor in the determination of qualification for tax rebates under the Louisiana Quality Jobs Program (EN DECREASE GF RV See Note)
Reduces the rates for the tax levied on individual income tax in favor of a flat tax and eliminates all individual income tax credits, deductions, exclusions, and exemptions
Authorizes an additional 5% tax credit in the motion picture investor tax credit program for investors headquartered in La. for a certain period of time