Exempts intraocular implants from local sales tax. (7/1/14)
Impact
The enactment of SB 504 could have significant implications for both patients needing intraocular implants and local governments' tax revenue. By removing local sales tax on these medical devices, the state is positioning itself to potentially improve healthcare outcomes by making these essential treatments more affordable. This change reflects ongoing efforts to balance healthcare accessibility with financial compromises experienced by municipalities relying on such taxes.
Summary
Senate Bill 504, introduced by Senator Heitmeier, seeks to exempt intraocular implants from local sales tax in Louisiana. This legislation is part of a broader push to reduce financial burdens on patients requiring specialized medical devices and ensures that necessary treatments remain accessible without additional taxation at the local level. The bill amends R.S. 47:337.9(F) and is set to take effect on July 1, 2014, aiming to streamline costs associated with crucial eye surgeries and treatments.
Sentiment
General sentiment around Bill SB 504 appears to be supportive among healthcare advocates and patients who may benefit from reduced costs associated with essential medical procedures. The bill illustrates a compassionate approach towards health issues, advocating for the financial relief of those in need of specific medical interventions. However, there may be concerns from local governments facing potential revenue losses due to this tax exemption.
Contention
While SB 504 is generally favorable, there are notable points of contention regarding its impact on local tax revenues. Some critics argue that while the exemption might help individual patients, it could contribute to a larger trend of undermining the financial resources available to local government entities. This dichotomy reflects a broader debate between patient care accessibility and the fiscal responsibilities of local governments.
Exempts from state and local sales taxes purchases by a nonprofit corporation whose primary purpose is to fund children's service organizations through golf events. (7/1/11) (OR DECREASE GF RV See Note)
Exempts from local sales tax prosthetic devices prescribed by physicians for personal consumption or use, when the patient is covered by Medicaid or a Medicaid program administered by a third party on behalf of the state. (7/1/15) (EN DECREASE LF RV See Note)
Exempts the lease, rental, or purchase of tangible personal property or services by the Edward Via College of Osteopathic Medicine (VCOM) from local sales tax. (7/1/22) (EN -$200,000 LF RV See Note)
Exempts from sales and use tax textbooks required for a course offered by a public or nonpublic postsecondary educational institution. (7/1/19) (EG DECREASE GF RV See Note)
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)