Excludes certain dividend income from the calculation of gross income as determined under federal law for purposes of calculating state corporation income tax (Item #4)
Authorizes a state and local sales and use tax exclusion for certain re-leases or re-rentals of items of tangible personal property (RE DECREASE GF RV See Note)
Directs the Dept. of Revenue to develop data on the projected impact the COVID-19 pandemic will have on Louisiana business revenue in 2020 and on net operating loss carry forward tax deductions for future tax filings (OR INCREASE GF EX See Note)
Suspends the lower tier of the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporate franchise tax (EN -$5,800,000 GF RV See Note)
Suspends individual and corporate income taxes; income taxes on estates or trusts; corporation franchise taxes, including the initial tax levied on certain corporations and entities; state sales and use taxes; severance taxes; and state excise taxes levied on alcoholic beverages, tobacco products, gasoline, diesel fuels, and special fuels for a certain period of time
Urges and requests that any proclamation convening an extraordinary session of the legislature in 2020 include changes to the carryback provisions of the corporate income tax deduction for net operating losses
Urges and requests that any proclamation convening an extraordinary session of the legislature in 2020 include changes to eligibility requirements to participate in the Enterprise Zone incentive
Urges and requests that any proclamation convening an extraordinary session of the legislature in 2020 include an extension of effectiveness and changes to eligibility requirements of the rehabilitation of historic structures tax credit