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)]
HB 520 Original 2015 Regular Session Hensgens
Abstract: Prohibits the granting of tax exemptions, deductions, credits or rebates when the official
forecast of state revenues is less than the continuation budget.
Proposed constitutional amendment prohibits the state from granting any tax exemptions,
deductions, credits, or when the official forecast of recurring state revenues for the next fiscal year
is less than the continuation budget for the next fiscal year. Further provides for the legislature to
establish a procedure for determining the continuation budget in law.
Proposed constitutional amendment authorizes the state to resume granting tax exemptions,
deductions, credits, or rebates when the estimate of the official forecast of recurring state revenues
for the next fiscal year is more than the continuation budget for the same year.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
October 24, 2015.
(Adds Const. Art. VII, ยง2.4 )