Clarifies the process for returning back to the school system those schools that have been transferred to the RSD that are no longer academically unacceptable. (gov sig)
Allows agencies to reject bids from entities convicted of or found to have committed any unethical or discriminatory practice or conduct by a state or federal agency. (8/15/11)
Creates the La. Postsecondary Education Board of Trustees as the sole governing board for postsecondary education and provides relative to the powers, duties, and functions of the board.
Exempts the sale of construction materials to the Make It Right Foundation from state and local sales tax when such materials are intended for use in constructing new residential dwellings in this state. (7/1/12) (EN -$112,000 GF RV See Note)
Grants a refundable "residential energy efficiency tax credit" for 2012 and 2013 equal to 50% of the first $25,000 of the aggregate cost of "qualifying residential energy efficient property" that is purchased and installed in the residence of those 65 and older who are income-eligible. (gov sig) (EN DECREASE GF RV See Note)
Exempts from local sales and occupancy tax in certain parishes agreements to furnish for a period of 30 days or longer an accommodation, space, or lot which is in an overnight camping facility or trailer park. (7/1/11)
Remove the requirement for certification by the commissioner of administration and approval by the Joint Legislative Committee on the Budget and the state bond commission before the Investor Tax Credit and the Import Export Cargo Credit for ports may be issued by the Department of Economic Development. (7/1/11) (OR SEE FISC NOTE GF RV)
Provides for the levy of state use tax on the purchase of property and services which are used to be manufactured into items for use in "orbital environments" 500 miles above earth's surface if the sale does not occur in the state and dedicates all state tax collected to make grants to such manufacturers. (10/1/11) (EG DECREASE GF RV See Note)
Creates a state commission (SCORE) to submit a written plan by January 6, 2012, to reduce and eliminate state income taxes, recommend budget reduction actions, and reduce or eliminate tax benefits; provides that if a concurrent resolution containing the plan is adopted, then the phase-out of income tax over 10 calendar years begins and the governor and the commissioner of administration are directed to take certain budget reduction actions and submit budget reduction legislation. (See Act) (RR1 +$120,000,000 GF RV See Note)