Louisiana House Bill HB618

Louisiana 2011 Regular Session

• Introduced: 5/4/11
• Refer: 5/5/11
• Report Pass: 5/25/11
• Engrossed: 6/6/11
• Report Pass: 6/21/11
• Enrolled: 6/23/11
• Chaptered: 7/1/11
• Passed: 7/1/11

Caption

Revises the definition of "hurricane recovery entity" for purposes of the individual income tax deduction for hurricane recovery benefits (EN NO IMPACT GF RV See Note)

Impact

The introduction of this bill has implications for state tax law, particularly concerning how hurricane recovery entities are defined in the context of individual income tax deductions. By formalizing these definitions, the bill seeks to clarify eligibility for tax benefits tied to disaster recovery efforts, potentially impacting many Louisiana residents who are navigating the complexities of recovering from hurricanes. This measure is also indicative of a state-centric approach to managing disaster recovery and fiscal policies.

Summary

House Bill 618 aims to amend the definition of a 'hurricane recovery entity' for purposes of the individual income tax deduction related to hurricane recovery benefits. Specifically, it refers to organizations involved in disaster recovery, such as the Road Home Corporation, the Louisiana Recovery Authority, and other community development entities. The bill reflects Louisiana's ongoing efforts to support residents affected by hurricanes by providing tax relief through defined recovery organizations, thereby streamlining the process for individuals seeking deductions related to hurricane recovery benefits.

Sentiment

The overall sentiment surrounding HB 618 appears to be positive, especially among proponents who view it as a necessary step towards providing clear and accessible tax relief for hurricane-affected individuals. This sentiment is grounded in the need for consistent definitions and support for recovery efforts, which have historically been complicated by bureaucratic hurdles. Nevertheless, some concerns may arise regarding the scope and implementation of these definitions, particularly as residents and stakeholders consider the adequacy and effectiveness of the proposed amendments.

Contention

While the bill does not present major points of contention, it does touch upon the broader themes in Louisiana regarding disaster recovery and state tax policy. Stakeholders may have varying opinions on which entities should be included as 'hurricane recovery entities' and how tax benefits should be administered. The legislation aims to enhance clarity, but discussions may still focus on ensuring that all affected parties receive fair access to recovery assistance, particularly in light of past experiences with disaster management in the state.