SLS 11RS-362 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. 221
BY SENATOR MORRELL
TAX/TAXATION. Requires reporting of tax dollars not collected each fiscal year due to
tax credits and exemptions as a line item in the annual General Appropriations Bill.
(8/15/11)
AN ACT1
To amend and reenact R.S. 39:51(E), relative to the state operating budget; to require the2
inclusion of certain tax exemption information as a line item in the General3
Appropriations Bill; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 39:51(E) is hereby amended and reenacted to read as follows: 6
ยง51. General Appropriation Bill; other appropriation bills7
* * *8
E. The Five Year Estimated Revenue Loss Chart from the most recent Tax9
Exemption Budget prepared by the Department of Revenue shall be an appendix to10
the General Appropriation Bill; however, the amount of tax dollars that are not11
collected and result in a loss of state tax revenues from tax credits and12
exemptions authorized in Subtitle VII of Title 47 of the Louisiana Revised13
Statutes of 1950, shall be shown as a line item in the General Appropriations14
Bill for that year. The Joint Legislative Committee on the Budget shall annually15
review and evaluate the Five Year Estimated Revenue Loss Chart.16
* * *17 SB NO. 221
SLS 11RS-362 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cathy Wells.
DIGEST
Present law requires the inclusion of the Five Year Estimated Revenue Loss Chart from the
Tax Exemption Budget prepared by the Dept. of Revenue be included in the executive
budget, the state budget, and be available as an appendix to the general appropriation bill.
Proposed law retains present law and further requires the amount of tax dollars that are not
collected and result in a loss of state tax revenues from tax credits and exemptions
authorized by law to be shown as a line item in the General Appropriations Bill for that year.
Effective August 15, 2011.
(Amends R.S. 39:51(E))