HLS 15RS-1015 ENGROSSED
2015 Regular Session
HOUSE BILL NO. 719
BY REPRESENTATIVE JACKSON
TAX CREDITS: Limits eligibility for incentives available through the enterprise zone
program and establishes a dedication of savings associated therewith for deposit into
the Go Grants Fund
1 AN ACT
2To amend and reenact R.S. 51:1787(B)(3)(b), relative to tax incentives; to provide with
3 respect to the enterprise zone program; to provide for tax credits and rebates
4 available as incentives through the program; to provide for eligibility for contracts
5 for incentives; to provide for effectiveness; 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)
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
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CODING: Words in struck through type are deletions from existing law; words underscored
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HB NO. 719
1 employees nationwide including affiliates prior to the contract effective date shall
2 be limited to grocery stores and pharmacies located in an enterprise zone, as such
3 terms are defined by the department by rules promulgated in accordance with the
4 Administrative Procedure Act. Notwithstanding any other provision of law to the
5 contrary, a retail business that is assigned a North American Industry Classification
6 Code of 44, 45, or 722 and whose advance notification to file an application for
7 benefits under this Chapter is not filed before July 1, 2015, shall be ineligible to
8 receive tax rebates or credits pursuant to the provisions of this Section.
9 * * *
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 719 Engrossed 2015 Regular Session Jackson
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
(Amends R.S. 51:1787(B)(3)(b))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the
original bill:
1. Delete proposed law that created the Go Grants Fund "the fund" and provided for
the procedure and transfer of monies from the state general fund into the fund.
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HB NO. 719
2. Delete proposed law that limited eligibility of retail business for the program to
those businesses who had 75 or more employees.
3. Prohibit retail and food services and drinking places business industries from
being eligible for incentives if the required advance notification form is not filed
before July 1, 2015.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.