HLS 15RS-720 ORIGINAL
2015 Regular Session
HOUSE BILL NO. 578
BY REPRESENTATIVE STOKES
TAX CREDITS: Revises eligibility requirements for the enterprise zone program
1 AN ACT
2To amend and reenact R.S. 51:1787(B)(3)(b), relative to enterprise zone incentives for
3 businesses; to provide with respect to the enterprise zone program; to provide for
4 certain eligibility requirements; to provide for applicability; to provide for an
5 effective date; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 51:1787(B)(3)(b) is hereby amended and reenacted to read as
8follows:
9 ยง1787. Incentives
10 * * *
11 B. The board may enter into the contracts provided in Subsection A of this
12 Section provided that:
13 * * *
14 (3)(a)
15 * * *
16 (b) In addition to the requirements of Subparagraph (a) of this Paragraph,
17 eligibility for a retail business which is assigned a North American Industry
18 Classification Code of 44 or 45 , 45, or 722 and has more than one hundred
19 employees nationwide including affiliates prior to the contract effective date shall
20 be limited to grocery stores and pharmacies located in an enterprise zone, as such
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 15RS-720 ORIGINAL
HB NO. 578
1 terms are defined by the department by rules promulgated in accordance with the
2 Administrative Procedure Act. Notwithstanding any other provision of law to the
3 contrary, a retail business that is assigned a North American Industry Classification
4 Code of 44, 45, or 722 and whose advance notification to file an application for
5 benefits under this Chapter is not filed before July 1, 2015, shall be ineligible to
6 receive tax rebates or credits pursuant to the provisions of this Section.
7 * * *
8 Section 2. This Act shall become effective upon signature by the governor or, if not
9signed by the governor, upon expiration of the time for bills to become law without signature
10by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
11vetoed by the governor and subsequently approved by the legislature, this Act shall become
12effective on the day following such approval.
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 578 Original 2015 Regular Session Stokes
Abstract: Prohibits certain business industries from being eligible for sales tax rebates and
tax credits provided in the enterprise zone program.
Present law establishes the Enterprise Zone Program that provides for tax credits and rebates
for eligible businesses, grants benefits under the program based on numbers of jobs, and
provides for specific eligibility criteria with respect to employees for jobs that are eligible
for program benefits.
Proposed law retains present law and adds retail businesses assigned a North American
Industry Classification Codes (NAICS) Code of 722 to the list of retail businesses eligibile
for incentives under present law.
Proposed law further prohibits the following business industries that are identified by the
NAICS from being eligible for incentives if the required advance notification form is not
filed before July 1, 2015:
(1)Retail, NAICS Codes beginning with 44 and 45
(2)Food Services and Drinking Places, NAICS Codes beginning with 722
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 51:1787(B)(3)(b))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.