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 758 Engrossed 2015 Regular Session Jay Morris
Abstract: Provides for reporting and the appropriation of certain tax expenditures. Limits the
amount of each tax credit and rebate to the appropriated amount.
Proposed law requires each department that grants or administers a tax exemption program to report
monthly to the Revenue Estimating Conference, the Legislative Fiscal Office, and the division of
administration on each tax credit and rebate program. Proposed law defines a tax exemption
program as a tax credit or rebate authorized in present law.
Proposed law requires the executive budget and the General Appropriation Bill to have an
appropriation for each tax expenditure program in the same section of law as the department that
grants or administers the program.
Proposed law limits the amount of each tax credit or rebate to the amount appropriated in the General
Appropriation Bill for each fiscal year. Further requires the department administering the provisions
of a tax credit or rebate to establish the method of allocating available tax credits or rebates.
(Amends R.S. 39:51(E) and (F); Adds R.S. 39:24.1, 34(E), and 51(G) and R.S. 47:1675(K))