Louisiana House Bill HB1042

Louisiana 2014 Regular Session

• Introduced: 3/19/14
• Refer: 3/20/14
• Report Pass: 3/31/14
• Engrossed: 4/14/14
• Refer: 4/15/14
• Report Pass: 4/28/14
• Enrolled: 5/12/14
• Chaptered: 5/22/14
• Passed: 5/22/14

Caption

Extends authorization for the La. Tax Commission to levy and collect certain fees (EN +$648,889 SD RV See Note)

Impact

The bill's impact is notably significant as it affects state law regarding the financial operations of the Louisiana Tax Commission. By allowing the commission to continue collecting these fees until 2018, the bill provides the necessary funding for the assessment processes, which ultimately influences property tax revenues for local governments. This continued financial support is necessary for the adequate functioning of tax assessment practices that ensure fair taxation across the state.

Summary

House Bill 1042 aims to extend the authorization for the Louisiana Tax Commission to levy and collect certain fees associated with the assessment of properties. This bill is crucial in maintaining the financial framework that supports the commission's operations, ensuring continuity in its ability to perform its duties related to property assessments and tax collection. The extension of fee collection is positioned as a means to sustain essential services provided by the commission, which is vital for local governance and tax revenue generation.

Sentiment

The general sentiment surrounding HB 1042 appears to be supportive, given that it passed the Senate unanimously with no votes against it. Legislators recognize the importance of having a stable financial model for tax assessment and appreciate the necessity of the fees to support operational functions. This support reflects a consensus on the need for the Louisiana Tax Commission to have sustainable funding sources to effectively administer property assessments.

Contention

While the bill received broad support, some contention could arise regarding the nature of the fees and their impact on property owners. There may be concerns about potential increases in fees and how these costs would affect property owners in the state. Opponents could argue that continued fee collection could lead to financial burdens on the assessed properties, although such viewpoints did not materialize strongly enough to influence the voting against the bill.