Louisiana 2014 2014 Regular Session

Louisiana House Bill HB162 Comm Sub / Analysis

                    Stuart Bishop (HB 162)	Act No. 31
New law provides for an individual income tax checkoff for donations to The La. Youth
Leadership Seminar Corporation, also known as Hugh O'Brian Youth Leadership. Requires
donated monies to be administered by the secretary of the Dept. of Revenue and to be
quarterly disbursed to the organization.
New law authorizes the House Committee on Ways and Means to request reports from The
La. Youth Leadership Seminar Corporation relative to its operations. The form and content
of the report shall be prescribed by the chairman of the committee, but shall at a minimum
contain a detailed explanation of the revenues and expenditures, as well as a description of
the organization's activities. 
Effective Jan. 1, 2015, and applicable to taxable years beginning on or after Jan. 1, 2015.
(Adds R.S. 47:120.231)