HLS 14RS-971 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2014
HOUSE BILL NO. 778
BY REPRESENTATIVE ST. GERMAIN
FUNDS/FUNDING: Changes restrictions on the deposit of sales tax revenues related to
motor vehicles into the Transportation Trust Fund and Transportation Mobility Fund
AN ACT1
To amend and reenact R.S. 48:77(A) and to repeal R.S. 48:77(C), relative to the dedication2
of certain monies for transportation purposes; to remove the authority to reduce3
deposits into the Transportation Trust Fund and the Transportation Mobility Fund4
in certain circumstances; to change the amounts to be deposited into such funds; to5
provide for an effective date; and to provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 48:77(A) is hereby amended and reenacted to read as follows: 8
ยง77. Transportation Trust Fund; dedication and uses of certain monies for9
transportation purposes10
A. Beginning July 1, 2008, 2014, from the avails of the taxes imposed by11
Chapters 2, 2-A, and 2-B of Subtitle II of Title 47 of the Louisiana Revised Statutes12
of 1950 from the sale, use, lease or rental, the distribution, the consumption, and the13
storage for use or consumption of motor vehicles which are taxable pursuant to said14
Chapters 2, 2-A, and 2-B, and after satisfying the requirements of Article VII,15
Section 9(B) of the Constitution of Louisiana relative to the Bond Security and16
Redemption Fund, the treasurer shall deposit the following amounts as provided in17
Subsection B of this Section:18
(1) For Fiscal Year 2008-2009, 2014-2015, ten percent of such avails.19
(2) For Fiscal Year 2009-2010, 2015-2016, twenty percent of such avails.20 HLS 14RS-971 ORIGINAL
HB NO. 778
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(3) For Fiscal Year 2010-2011, 2016-2017, thirty percent of such avails.1
(4) For Fiscal Year 2011-2012, 2017-2018, fifty percent of such avails.2
(5) For Fiscal Year 2012-2013, seventy-five percent of such avails.3
(6) For Fiscal Year 2013-2014, eighty-five percent of such avails.4
(7) For Fiscal Year 2014-2015 2018-2019 and thereafter, all of the5
collections such avails.6
* * *7
Section 2. R.S. 48:77(C) is hereby repealed in its entirety.8
Section 3. This Act shall become effective on July 1, 2014; if vetoed by the governor9
and subsequently approved by the legislature, this Act shall become effective on July 1,10
2014, or on the day following such approval by the legislature, whichever is later.11
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)]
St. Germain HB No. 778
Abstract: Changes the phase-in of deposits of motor vehicle sales taxes into the
Transportation Trust Fund (TTF) and Transportation Mobility Fund (TMF) to
provide a five-year phase-in beginning July 1, 2014. Repeals the "trigger language"
restricting the deposit of motor vehicles sales taxes into the TTF and TMF in the
event of a projected deficit.
Present law phases in deposits of the tax on the sale, use, lease or rental, the distribution,
consumption, and the storage of motor vehicles into the TTF and the TMF beginning July
1, 2008. For Fiscal Year (FY) 2014-2015, 100% of the avails are to be deposited into the
TTF (93%) and TMF (7%).
Present law directs the treasurer to reduce such deposits if a deficit for the current fiscal year
is projected due to a decrease in the official forecast of the Revenue Estimating Conference
(REC). Deposits are to be reduced by the amount of the projected deficit less the amount
which is authorized to be appropriated from the Budget Stabilization Fund as provided for
present constitution. Deposits to the fund shall be reduced until such time as the REC's
official forecast equals or exceeds the official forecast in effect prior to the projected deficit,
at which time deposits shall resume as provided in present law. Further, any reduction in
deposits for any fiscal year shall be made on a pro rata basis for all purposes.
Proposed law repeals present law directing the treasurer to reduce such deposits in the event
of a projected deficit. HLS 14RS-971 ORIGINAL
HB NO. 778
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are additions.
Proposed law changes the present law from a seven year phase-in in FY 2009 to a five year
phase-in beginning in FY 2015 as follows:
Fiscal Year Tax avails deposited
2014-15 10%
2015-16 20%
2016-17 30%
2017-18 50%
2018-19 and thereafter 100%
Effective July 1, 2014.
(Amends R.S. 48:77(A); Repeals R.S. 48:77(C))