Changes the definitions of "transit-oriented development" and "multifamily residential housing" for purposes of the La. Enterprise Zone Act (EN -$46,113 GF RV See Note)
Authorizes the secretary of DED to enter into state sales and use tax rebate contracts with procurement processing companies which recruit purchasing companies to La. (EN SEE FISC NOTE GF RV See Note)
Prohibit the approval by issuers of bonds for the financing of multifamily housing or residential facilities from issuing bonds that would finance a facility in excess of 120% of market value (OR SEE FISC NOTE SG RV)
(Constitutional Amendment) Limits the ad valorem tax exemption for nonprofit corporations or associations for certain property used for commercial purposes in the city of New Orleans or Orleans Parish (OR +$430,000 LF RV See Note)
Provides for an income and corporation franchise tax credit for ad valorem taxes paid by certain barge line, towing, and other water transportation companies (OR -$887,000 GF RV See Note)
Extends the single sales factor for computation of corporate income and franchise taxes for manufacturing or merchandising to other qualified businesses through establishment of the Corporate Tax Apportionment Program (EN DECREASE GF RV See Note)
The Louisiana Make-A-Wish Act to provide an individual income tax return checkoff for donations to the Make-A-Wish Foundation (EN NO IMPACT GF RV See Note)
Enacts the Louisiana Fair Tax Act and repeals state taxes levied on the net income of individuals and corporations and the corporate franchise taxes (OR SEE FISC NOTE GF RV)
(Constitutional Amendment) Authorizes the governing authority for the city of New Orleans or Orleans Parish to reduce a portion of ad valorem tax exemptions for municipal taxes (OR +$2,150,000 LF RV See Note)