SLS 11RS-360 ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2011
SENATE BILL NO. 159
BY SENATOR APPEL
TAX/TAXATION. Extends the Ports of Louisiana Investor tax credit. (gov sig)
AN ACT1
To amend and reenact R.S. 47:6036(G), relative to tax credits; to extend the Ports of2
Louisiana investor tax credit; to provide for a termination date; to provide for an3
effective date; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 47:6036(G) is hereby amended and reenacted to read as follows: 6
ยง6036. Ports of Louisiana tax credits7
A. * * *8
* * *9
G. Termination of Investor Tax Credit.10
The provisions of Subsection C of this Section shall be effective until January11
1, 2015 2017, and no investor tax credit pursuant to the provisions of this Section12
shall be granted after such date.13
* * *14
Section 2. This Act shall become effective upon signature by the governor or, if not15
signed by the governor, upon expiration of the time for bills to become law without signature16
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If17 SB NO. 159
SLS 11RS-360 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
vetoed by the governor and subsequently approved by the legislature, this Act shall become1
effective on the day following such approval.2
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Angela L. De Jean.
DIGEST
Present law authorizes the issuance of tax credits for certain investments and import and
export activity in ports in Louisiana.
Present law provides that no Ports of Louisiana investor tax credit shall be granted after
January 1, 2015.
Proposed law changes the termination date of the Ports of Louisiana tax credit from January
1, 2015 to January 1, 2017.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:6036(G))