HLS 13RS-201 ORIGINAL
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are additions.
Regular Session, 2013
HOUSE BILL NO. 587
BY REPRESENTATIVE ROBIDEAUX
TAX CREDITS: Requires the termination of certain tax credits
AN ACT1
To amend and reenact R.S. 47:6015(I), 6019(C), and 6105, to enact R.S. 47:6004(C),2
6005(G), 6006(E), 6006.1(G), 6007(G), 6008(D), 6009(F), 6013(D), 6014(F),3
6017(C), 6018(F), 6020(G), 6022(K), 6023(I), 6025(D), 6030(G), 6032(H), 6035(H),4
6036(K), 6104(D), 6106(E), and 6107(C), and to repeal R.S. 47:6010, 6012, 6016,5
6021, 6028, and 6037, relative to tax credits; provides relative to the sunset of certain6
income tax credits under certain circumstances; to require certain reviews and reports7
relative to tax credits; to terminate certain tax credits; to provide for an effective8
date; and to provide for related matters.9
Be it enacted by the Legislature of Louisiana:10
Section 1. R.S. 47:6015(I), 6019(C), and 6105 are hereby amended and reenacted11
and R.S. 47:6004(C), 6005(G), 6006(E), 6006.1(G), 6007(G), 6008(D), 6009(F), 6013(D),12
6014(F), 6017(C), 6018(F), 6020(G), 6022(K), 6023(I), 6025(D), 6030(G), 6032(H),13
6035(H), 6036(K), 6104(D), 6106(E), and 6107(C) are hereby enacted to read as follows:14
§6004. Employer credit15
* * *16
C. Beginning January 1, 2015, the House Committee on Ways and Means17
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit18
authorized pursuant to the provisions of this Section to determine if the economic19
benefit provided by such credit outweighs the loss of revenue realized by the state20 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
as a result of awarding such credit. The House and Senate Committee shall make a1
specific recommendation no later than March 1, 2015, to either continue the credit2
or to terminate the credit. The credit provided for pursuant to the provisions of this3
Section shall terminate and shall have no effect beginning January 1, 2016.4
§6005. Qualified new recycling manufacturing or process equipment and/or service5
contracts6
* * *7
G. Beginning January 1, 2015, the House Committee on Ways and Means8
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit9
authorized pursuant to the provisions of this Section to determine if the economic10
benefit provided by such credit outweighs the loss of revenue realized by the state11
as a result of awarding such credit. The House and Senate Committee shall make a12
specific recommendation no later than March 1, 2015, to either continue the credit13
or to terminate the credit. The credit provided for pursuant to the provisions of this14
Section shall terminate and shall have no effect beginning January 1, 2016. 15
§6006. Tax credits for local inventory taxes paid16
* * *17
E. Beginning January 1, 2015, the House Committee on Ways and Means18
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit19
authorized pursuant to the provisions of this Section to determine if the economic20
benefit provided by such credit outweighs the loss of revenue realized by the state21
as a result of awarding such credit. The House and Senate Committee shall make a22
specific recommendation no later than March 1, 2015, to either continue the credit23
or to terminate the credit. The credit provided for pursuant to the provisions of this24
Section shall terminate and shall have no effect beginning January 1, 2016.25
§6006.1. Tax credits for taxes paid with respect to vessels in Outer Continental26
Shelf Lands Act Waters27
* * *28 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
G. Beginning January 1, 2015, the House Committee on Ways and Means1
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit2
authorized pursuant to the provisions of this Section to determine if the economic3
benefit provided by such credit outweighs the loss of revenue realized by the state4
as a result of awarding such credit. The House and Senate Committee shall make a5
specific recommendation no later than March 1, 2015, to either continue the credit6
or to terminate the credit. The credit provided for pursuant to the provisions of this7
Section shall terminate and shall have no effect beginning January 1, 2016.8
§6007. Motion picture investor tax credit9
* * *10
G. Beginning January 1, 2015, the House Committee on Ways and Means11
and the Senate Committee on Revenue and Fiscal Affairs shall review the credits12
authorized pursuant to the provisions of this Section to determine if the economic13
benefit provided by such credits outweigh the loss of revenue realized by the state14
as a result of awarding such credits. The House and Senate Committee shall make15
a specific recommendation no later than March 1, 2015, to either continue the credits16
or to terminate the credits. The credits provided for pursuant to the provisions of this17
Section shall terminate and shall have no effect beginning January 1, 2016.18
§6008. Tax credits for donations made to assist playgrounds in economically19
depressed areas20
* * *21
D. Beginning January 1, 2015, the House Committee on Ways and Means22
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit23
authorized pursuant to the provisions of this Section to determine if the economic24
benefit provided by such credit outweighs the loss of revenue realized by the state25
as a result of awarding such credit. The House and Senate Committee shall make a26
specific recommendation no later than March 1, 2015, to either continue the credit27
or to terminate the credit. The credit provided for pursuant to the provisions of this28
Section shall terminate and shall have no effect beginning January 1, 2016.29 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
§6009. Louisiana Basic Skills Training Tax Credit 1
* * *2
F. Beginning January 1, 2015, the House Committee on Ways and Means3
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit4
authorized pursuant to the provisions of this Section to determine if the economic5
benefit provided by such credit outweighs the loss of revenue realized by the state6
as a result of awarding such credit. The House and Senate Committee shall make a7
specific recommendation no later than March 1, 2015, to either continue the credit8
or to terminate the credit. The credit provided for pursuant to the provisions of this9
Section shall terminate and shall have no effect beginning January 1, 2016.10
* * *11
§6013. Tax credits for donations made to public schools12
* * *13
D. Beginning January 1, 2015, the House Committee on Ways and Means14
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit15
authorized pursuant to the provisions of this Section to determine if the economic16
benefit provided by such credit outweighs the loss of revenue realized by the state17
as a result of awarding such credit. The House and Senate Committee shall make a18
specific recommendation no later than March 1, 2015, to either continue the credit19
or to terminate the credit. The credit provided for pursuant to the provisions of this20
Section shall terminate and shall have no effect beginning January 1, 2016.21
§6014. Credit for property taxes paid by certain telephone companies; fund22
* * *23
F. Beginning January 1, 2015, the House Committee on Ways and Means24
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit25
authorized pursuant to the provisions of this Section to determine if the economic26
benefit provided by such credit outweighs the loss of revenue realized by the state27
as a result of awarding such credit. The House and Senate Committee shall make a28
specific recommendation no later than March 1, 2015, to either continue the credit29 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
or to terminate the credit. The credit provided for pursuant to the provisions of this1
Section shall terminate and shall have no effect beginning January 1, 2016.2
§6015. Research and development tax credit3
* * *4
I. No credit shall be allowed pursuant to this Section for research5
expenditures incurred or Small Business Innovation Research Grant funds received6
after December 31, 2019. Beginning January 1, 2015, the House Committee on7
Ways and Means and the Senate Committee on Revenue and Fiscal Affairs shall8
review the credit authorized pursuant to the provisions of this Section to determine9
if the economic benefit provided by such credit outweighs the loss of revenue10
realized by the state as a result of awarding such credit. The House and Senate11
Committee shall make a specific recommendation no later than March 1, 2015, to12
either continue the credit or to terminate the credit. The credit provided for pursuant13
to the provisions of this Section shall terminate and shall have no effect beginning14
January 1, 2016.15
* * *16
§6017. Tax credits for certain expenses paid by economic development corporations17
* * *18
C. Beginning January 1, 2015, the House Committee on Ways and Means19
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit20
authorized pursuant to the provisions of this Section to determine if the economic21
benefit provided by such credit outweighs the loss of revenue realized by the state22
as a result of awarding such credit. The House and Senate Committee shall make a23
specific recommendation no later than March 1, 2015, to either continue the credit24
or to terminate the credit. The credit provided for pursuant to the provisions of this25
Section shall terminate and shall have no effect beginning January 1, 2016.26
§6018. Tax credits for purchasers from "PIE contractors"27
* * *28 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
F. Beginning January 1, 2015, the House Committee on Ways and Means1
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit2
authorized pursuant to the provisions of this Section to determine if the economic3
benefit provided by such credit outweighs the loss of revenue realized by the state4
as a result of awarding such credit. The House and Senate Committee shall make a5
specific recommendation no later than March 1, 2015, to either continue the credit6
or to terminate the credit. The credit provided for pursuant to the provisions of this7
Section shall terminate and shall have no effect beginning January 1, 2016.8
§6019. Tax credit; rehabilitation of historic structures9
* * *10
C. The provisions of this Section shall be effective for the taxable years11
ending prior to January 1, 2016. Beginning January 1, 2015, the House Committee12
on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs shall13
review the credit authorized pursuant to the provisions of this Section to determine14
if the economic benefit provided by such credit outweighs the loss of revenue15
realized by the state as a result of awarding such credit. The House and Senate16
Committee shall make a specific recommendation no later than March 1, 2015, to17
either continue the credit or to terminate the credit. The credit provided for pursuant18
to the provisions of this Section shall terminate and shall have no effect beginning19
January 1, 2016.20
* * *21
§6022. Digital interactive media and software tax credit22
* * *23
K. Beginning January 1, 2015, the House Committee on Ways and Means24
and the Senate Committee on Revenue and Fiscal Affairs shall review the credits25
authorized pursuant to the provisions of this Section to determine if the economic26
benefit provided by such credits outweigh the loss of revenue realized by the state27
as a result of awarding such credits. The House and Senate Committee shall make28
a specific recommendation no later than March 1, 2015, to either continue the credits29 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
or to terminate the credits. The credit provided for pursuant to the provisions of this1
Section shall terminate and shall have no effect beginning January 1, 2016.2
* * *3
§6025. Tax credit for Louisiana Citizens Property Insurance Corporation assessment4
* * *5
D. Beginning January 1, 2015, the House Committee on Ways and Means6
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit7
authorized pursuant to the provisions of this Section to determine if the economic8
benefit provided by such credit outweighs the loss of revenue realized by the state9
as a result of awarding such credit. The House and Senate Committee shall make a10
specific recommendation no later than March 1, 2015, to either continue the credit11
or to terminate the credit. The credit provided for pursuant to the provisions of this12
Section shall terminate and shall have no effect beginning January 1, 2016.13
* * *14
§6030. Wind or solar energy systems tax credit15
* * *16
G. Beginning January 1, 2015, the House Committee on Ways and Means17
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit18
authorized pursuant to the provisions of this Section to determine if the economic19
benefit provided by such credit outweighs the loss of revenue realized by the state20
as a result of awarding such credit. The House and Senate Committee shall make a21
specific recommendation no later than March 1, 2015, to either continue the credit22
or to terminate the credit. The credit provided for pursuant to the provisions of this23
Section shall terminate and shall have no effect beginning January 1, 2016.24
* * *25
§6032. Tax credit for certain milk producers26
* * *27
H. Beginning January 1, 2015, the House Committee on Ways and Means28
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit29 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
authorized pursuant to the provisions of this Section to determine if the economic1
benefit provided by such credit outweighs the loss of revenue realized by the state2
as a result of awarding such credit. The House and Senate Committee shall make a3
specific recommendation no later than March 1, 2015, to either continue the credit4
or to terminate the credit. The credit provided for pursuant to the provisions of this5
Section shall terminate and shall have no effect beginning January 1, 2016.6
* * *7
§6035. Tax credit for conversion of vehicles to alternative fuel usage8
* * *9
H. Beginning January 1, 2015, the House Committee on Ways and Means10
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit11
authorized pursuant to the provisions of this Section to determine if the economic12
benefit provided by such credit outweighs the loss of revenue realized by the state13
as a result of awarding such credit. The House and Senate Committee shall make a14
specific recommendation no later than March 1, 2015, to either continue the credit15
or to terminate the credit. The credit provided for pursuant to the provisions of this16
Section shall terminate and shall have no effect beginning January 1, 2016.17
§6036. Ports of Louisiana tax credits18
* * *19
K. Beginning January 1, 2015, the House Committee on Ways and Means20
and the Senate Committee on Revenue and Fiscal Affairs shall review the credits21
authorized pursuant to the provisions of this Section to determine if the economic22
benefit provided by such credits outweigh the loss of revenue realized by the state23
as a result of awarding such credits. The House and Senate Committee shall make24
a specific recommendation no later than March 1, 2015, to either continue the credits25
or to terminate the credits. The credit provided for pursuant to the provisions of this26
Section shall terminate and shall have no effect beginning January 1, 2016.27
* * *28
§6104. Child care expense tax credit29 HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
* * *1
D. Beginning January 1, 2015, the House Committee on Ways and Means2
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit3
authorized pursuant to the provisions of this Section to determine if the economic4
benefit provided by such credit outweighs the loss of revenue realized by the state5
as a result of awarding such credit. The House and Senate Committee shall make a6
specific recommendation no later than March 1, 2015, to either continue the credit7
or to terminate the credit. The credit provided for pursuant to the provisions of this8
Section shall terminate and shall have no effect beginning January 1, 2016.9
§6105. Child care provider tax credit10
A. There shall be a credit against any Louisiana individual or corporation11
income tax or corporation franchise tax for a child care provider refundable as12
provided for in R.S. 47:6108. The tax credit shall be an amount based upon the13
average monthly number of children who either participate in the Child Care14
Assistance Program administered by the office of children and family services in the15
Department of Children and Family Services or who are foster children in the16
custody of the Department of Children and Family Services, and who are attending17
a child care facility or facilities operated by the child care provider, multiplied by an18
amount which shall be based upon the quality rating of each child care facility19
operated by the child care provider as follows:20
Quality Rating of Child Care Tax Credit Per21
Facility Eligible Child Attending22
Five star $1,50023
Four star $1,25024
Three star $1,00025
Two star $75026
One star or nonparticipating facility027
B. Beginning January 1, 2015, the House Committee on Ways and Means28
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit29 HLS 13RS-201 ORIGINAL
HB NO. 587
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authorized pursuant to the provisions of this Section to determine if the economic1
benefit provided by such credit outweighs the loss of revenue realized by the state2
as a result of awarding such credit. The House and Senate Committee shall make a3
specific recommendation no later than March 1, 2015, to either continue the credit4
or to terminate the credit. The credit provided for pursuant to the provisions of this5
Section shall terminate and shall have no effect beginning January 1, 2016.6
§6106. Credit for child care directors and staff7
* * *8
E. Beginning January 1, 2015, the House Committee on Ways and Means9
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit10
authorized pursuant to the provisions of this Section to determine if the economic11
benefit provided by such credit outweighs the loss of revenue realized by the state12
as a result of awarding such credit. The House and Senate Committee shall make a13
specific recommendation no later than March 1, 2015, to either continue the credit14
or to terminate the credit. The credit provided for pursuant to the provisions of this15
Section shall terminate and shall have no effect beginning January 1, 2016.16
§6107. Business-supported child care17
* * *18
C. Beginning January 1, 2015, the House Committee on Ways and Means19
and the Senate Committee on Revenue and Fiscal Affairs shall review the credit20
authorized pursuant to the provisions of this Section to determine if the economic21
benefit provided by such credit outweighs the loss of revenue realized by the state22
as a result of awarding such credit. The House and Senate Committee shall make a23
specific recommendation no later than March 1, 2015, to either continue the credit24
or to terminate the credit. The credit provided for pursuant to the provisions of this25
Section shall terminate and shall have no effect beginning January 1, 2016.26
Section 2. R.S. 47:6010, 6012, 6016, 6021, 6027, and 6037 are hereby repealed in27
their entirety.28 HLS 13RS-201 ORIGINAL
HB NO. 587
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Section 3. This Act shall become effective upon signature by the governor or, if not1
signed by the governor, upon expiration of the time for bills to become law without signature2
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If3
vetoed by the governor and subsequently approved by the legislature, this Act shall become4
effective on the day following such approval.5
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Robideaux HB No. 587
Abstract: Requires the House Ways and Means and Senate Revenue and Fiscal Affairs
Committees to review tax credits beginning Jan. 1, 2015, and to make
recommendations to either continue or terminate credits. Terminates all credits
beginning Jan. 1, 2016.
Present law provides for an income and corporation franchise tax credit for the employment
of each person and participant of Family Independence Work Program in a newly created
full-time job. The amount of the credit shall be $750 and shall be allowed for the taxable
period during which the new employee has completed one year of full-time service with the
taxpayer or against the corporation franchise tax for the taxable period following the taxable
period during which the new employee has completed one year of full-time service with the
taxpayer.
Present law provides for an income or corporation franchise tax credit for ad valorem taxes
paid to political subdivisions on inventory held by manufacturers, distributors, and retailers
and on natural gas held, used, or consumed in providing natural gas storage services or
operating natural gas storage facilities. The amount of the credit shall be equal to 100% of
the inventory taxes paid to the political subdivision.
Present law provides for an income or corporation franchise tax credit for ad valorem taxes
paid without protest to political subdivisions on vessels in Outer Continental Shelf Lands
Act Waters as certified to the assessor within the calendar year immediately preceding the
taxable year of assessment of such vessel. The amount of the credit shall be equal to 100%
of the ad valorem taxes paid to the political subdivision.
Present law provides for an income tax credit for La. taxpayers for investment in state-
certified productions earned at the time expenditures are made by a motion picture
production company in a state-certified production.The amount of the credit shall be equal
to 30% of the base investment made by the investor if the total base investment is more than
$300,000. Additionally provides for a credit equal to 5% of base investment expended on
payroll for La. residents employed in connection with a state-certified production.
However, this credit does not apply to the payroll of any one person that exceeds $1 million
dollars.
Present law provides for an income or corporation franchise tax credit for qualified
donations made to qualified playgrounds. The amount of the credit shall be equal to the
lesser of $1,000 or one-half of the value of the cash, equipment, goods, or services donated. HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
Present law provides for an income or corporation franchise tax credit for an La. business
or industry which supports and encourages employee basic skills training by satisfying
criteria established in present law and which submit proper and complete applications. The
amount of the credit shall equal $250 per participating employee, with the total of all basic
skills training credits not to exceed $30,000 for any single business or industry enterprise in
a particular tax year.
Present law provides for an income and corporation franchise tax credit for employers within
the state to donate materials, equipment, or instructors to public training providers,
secondary and postsecondary vocational-technical schools, apprenticeship program
registered with the La. Workforce Commission, or community colleges to assist in the
development of training programs designed to meet industry needs. The amount of the
credit shall equal one-half the value of the donated materials, equipment, or services
rendered by the instructor.
Present law provides for a corporate income and corporation franchise tax credit for
qualified donations made to a public school. The amount of the credit shall be equal to 40%
of the appraised value of the qualified donation.
Present law provides for an income and corporation franchise tax credit for ad valorem taxes
paid to political subdivisions by a telephone company for the company's public service
properties. The amount of the credit shall be equal to 40% of the aggregate ad valorem taxes
paid by the telephone company to the political subdivision.
Present law provides for an income or corporation franchise tax credit for the filing fee paid
to the La. State Bond Commission incurred by an economic development corporation in the
preparation and issuance of bonds. The amount of the credit shall be equal to the amount
of the filing fee paid.
Present law provides for an income and corporate franchise tax credit for purchases of
specialty apparel items including industrial clothes, uniforms, and scrubs, from a contractor
in a certified Private Sector/Prison Industry Enhancement Program which employs inmates
to manufacture such apparel. The amount of the credit shall be equal to the state sales and
use tax paid by the purchaser on each case or other unit of apparel as reflected on the
purchaser's books and records.
Present law provides for an income or franchise tax credit for applications for state-certified
digital interactive media productions submitted to the office of entertainment industry
development in the Dept. of Economic Development. The amount of the credit shall be
equal to 25% of the base investment in the state-certified digital interactive media
production. Present law provides for an additional tax credit of 10% of payroll to the extent
that the investment is expended on payroll for La. residents employed in connection with a
state-certified production.
Present law provides for an income tax credit for the surcharges, market equalization
charges, or assessments paid by a taxpayer as a result of the 2005 regular assessment or the
emergency assessments levied due to Hurricanes Katrina and Rita by La. Citizens Property
Insurance Corporation for the FAIR Plan and Coastal Plan The amount of the credit is equal
to the surcharges, market equalization charges, or assessments paid by a taxpayer.
Present law provides for an income tax credit for the cost of purchase and installation of a
wind or solar energy system, or both, by a taxpayer at his La. residence, by the owner of a
residential rental apartment project, or by a taxpayer who purchases and installs a system in
a residence or a residential rental apartment project located in La. Present law limits one
credit per system. The amount of the credit shall be equal to 50% of the first $25,000 of the
cost of each wind energy system or solar energy system, including installation costs,
purchased and installed on or after Jan. 1, 2008. HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
Present law provides for a refundable income and corporation franchise tax credit for a
resident taxpayer engaged in the business of producing milk for sale. The amount of the
credit shall be based on the production and sale of milk below the announced production
price over a calendar year in accordance with a schedule provided in present law. Present
law limits the credit allowed for each producer to no more than $30,000 per calendar year
and caps the total aggregate amount of credits for all producers at $2.5 million per calendar
year.
Present law provides for an income tax credit for qualified clean-burning motor vehicle fuel
property purchased and installed on certain motor vehicles. The amount of the credit shall
be equal to 50% of the cost of the qualified clean-burning motor vehicle fuel property.
Present law provides for an income and corporate franchise tax credit for the total capital
costs of a project sponsored or undertaken by a public port and investing companies that
have a capital cost of at least $5 million dollars and at which the predominant trade or
business activity conducted will constitute industrial, warehousing, or port and harbor
operations and cargo handling, including any port or port and harbor activity. The amount
of the credit shall be equal to the total amount of capital costs of the project which shall be
taken at 5% per tax year.
Present law provides for an income and corporation franchise Import Export tax credit for
any breakbulk or containerized cargo brought to the state from a foreign country or from the
state to a foreign country. The amount of the credit shall be equal to the product of
multiplying $5 by the number of tons of qualified cargo for the taxable year but only for the
total amount provided by the secretary of the Dept. of Economic Development.
Present law provides for an individual income tax credit for child care expenses based on the
quality rating of the child care facility which the child attends. The amount of the credit
varies depending on the quality rating of the child care facility.
Present law provides for a refundable income or corporation franchise tax credit for child
care providers. The amount of the credit shall be equal to an amount based upon the average
monthly number of children who either participate in the Child Care Assistance Program or
who are foster children in the custody of the Department of Children and Family Services,
and who are attending a child care facility or facilities operated by the child care provider,
multiplied by an amount which shall be based upon the quality rating of each child care
facility operated by the child care.
Present law provides for a refundable individual income tax credit for eligible child care
directors and eligible child care staff. The amount of the credit varies based upon the
qualifications of the provider.
Present law provides for a refundable income tax or corporation franchise tax credit for
eligible business child care expenses supported by a business. The amount of the credit shall
be based on a percentage of eligible business child care expenses depending upon the quality
rating of the child care facility to which the expenses are related or the quality rating of the
child care facility the child attends. Present law provides for an additional refundable
income or corporation franchise tax for the payment by a business of fees and grants to child
care resource and referral agencies not to exceed $5,000 per tax year.
Proposed law retains present law but adds a requirement that beginning Jan. 1, 2015, the
House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal
Affairs review the credits authorized in present law to determine if the economic benefit of
the credit outweighs the loss of revenue realized by the state as a result of awarding the
credit. Proposed law further requires the committees to make specific recommendations no
later than March 1, 2015, to either continue the credit or to terminate the credit.
Proposed law terminates the credits in present law beginning Jan. 1, 2016. HLS 13RS-201 ORIGINAL
HB NO. 587
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are additions.
Present law provides for an income and corporation franchise tax credit for the expenses
incurred during the rehabilitation of a historic structure located in a downtown development
or a cultural product district. The amount of the credit shall not exceed 25% of the eligible
costs and expenses of the rehabilitation. Present law prohibits a taxpayer, or an entity
affiliated with a taxpayer, from receiving more than $5 million dollars of credit for any
number of rehabilitated structures within a particular downtown development or cultural
product district. Present law provides that the tax credit shall be effective for the taxable
years ending prior to January 1, 2016.
Proposed law retains present law but adds a requirement that beginning Jan. 1, 2015, the
House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal
Affairs review the credit to determine if the economic benefit provided by the credit
outweighs the loss of revenue realized by the state as a result of awarding such credit.
Further requires the committees to make specific recommendations no later than March 1,
2015, to either continue the credit or to terminate the credit.
Present law provides for a refundable income and corporation franchise tax credit to
encourage new and continuing efforts to conduct research and development activities within
this state. The amount of the credit varies depending on the number of persons and claims
for the taxable year an income tax credit is authorized under current federal law. Present
law further prohibits credits for research expenditures incurred or Small Business Innovation
Research Grant funds received after Dec. 31, 2019.
Proposed law retains present law but changes the termination date of the credit from Dec.
31, 2019 to Jan. 1, 2016. Proposed law adds a requirement that beginning Jan. 1, 2015, the
House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal
Affairs review the credit to determine if the economic benefit provided by the credit
outweighs the loss of revenue realized by the state as a result of awarding such credit.
Further requires the committees to make specific recommendations no later than March 1,
2015, to either continue the credit or to terminate the credit.
Present law provides for an income and corporation franchise tax credit for investments
which encourage the development, growth, and expansion of the private sector within the
state by increasing access to capital in disadvantaged areas of the state. The amount of the
credit is dependent on the amount of the private sector investment made by the taxpayer.
Further provides that tax credits shall be allowed for qualified equity investments which
have been invested in qualified low-income community investments until December 31,
2013.
Proposed law repeals present law.
Present law provides for tax credits for employee alcohol and substance abuse treatment
programs, donations of materials, equipment, advisors, or instructors, Brownfields Investors,
Mentor-Protege Program, overpayments made by taxpayers, and "green job industries".
However, by the terms of present law, these credits have either expired or have been
inactive.
Proposed law repeals present law.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:6015(I), 6019(C), and 6105; Adds R.S. 47:6004(C), 6005(G), 6006(E),
6006.1(G), 6007(G), 6008(D), 6009(F), 6013(D), 6014(F), 6017(C), 6018(F), 6020(G),
6022(K), 6023(I), 6025(D), 6030(G), 6032(H), 6035(H), 6036(K), 6104(D), 6106(E), and
6107(C); Repeals R.S. 47:6010, 6012, 6016, 6021, 6028, and 6037)