Authorizes the Department of Economic Development to grant up to $5 million of rebates per calendar year at the rate of 35% of an investor's investment in "Louisiana Entrepreneurial Business," not to exceed $1 million per year per business and $2 million total per business and requires the Louisiana Mega-Project Development Fund to be reduced each fiscal year by an amount which equals the rebates granted. (gov sig) (REF DECREASE GF RV See Note)
Authorizes the Secretary of the Department of Revenue to require electronic filing of returns and reports by professional athletic teams or professional athletes associated with administering the Sports Facility Assistance Fund. (8/15/10) (EN NO IMPACT GF EX See Note)
Allows a taxpayer who is subject to any collection procedure for local sales tax, or whose request for a refund of such tax has been denied by a collector, to initiate a mandatory, binding, arbitration proceeding. (See Act) (RE SEE FISC NOTE LF EX)
Creates the Personal Property Tax Amnesty Act of 2010, which authorizes a taxpayer, beginning August 1, 2010 through November 1, 2010, to file an amended tax return indicating taxable personal property upon which property tax was not levied or paid for certain tax periods and to pay the tax without interest. (gov sig) (OR SEE FISC NOTE LF RV)
Authorizes public entities to create public benefit corporations for financing arrangements regarding public property. (gov sig) (EN SEE FISC NOTE FF RV)
Creates and provides for the Louisiana Centers of Excellence Financing Corporation and authorizes the issuance of bonds to finance the construction of centers of excellence. (2/3-CA7s9(F)) (8/15/10) (EN NO IMPACT See Note)
Subject to adoption of proposed consitutional amendment, authorizes extensions of the homestead exemption and/or the special assessment level for owners who are unable to reoccupy their homesteads within the five-year period set forth in present law. (See Act) (EN INCREASE LF EX See Note)
Constitutional amendment to allow persons 65 years of age or older to receive the special assessment regardless of income. (1/1/11) (2/3-CA13s1(A)) (OR SEE FISC NOTE LF RV See Note)
Constitutional amendment to extend the time in which the owner of a homestead must reoccupy the homestead in order to retain the homestead's homestead exemption or its special assessment level and to provide for claiming the extension. (1/01/11)(2/3-CA13s1(A)) (EN INCREASE LF EX See Note)