HLS 15RS-1307 ENGROSSED 2015 Regular Session HOUSE CONCURRENT RESOL UTION NO. 15 BY REPRESENTATIVE MONTOUCET TAX/SALES & USE: Suspends annual state sales tax holidays until 60 days after adjournment of the 2016 Regular Session of the Legislature 1 A CONCURRENT RESOL UTION 2To suspend until sixty days after final adjournment of the 2016 Regular Session of the 3 Legislature of Louisiana the provisions of R.S. 47:305.54, 305.58, and 305.62 4 authorizing annual state sales tax holidays. 5 WHEREAS, the economy of our state and our nation has been ravaged by falling oil 6prices, difficult job markets, and recessionary environments in key global economic regions 7which have lead to less demand for Louisiana goods and services; and 8 WHEREAS, the specter of these difficult economic times looms over our state and 9the projected $1.6 billion shortfall Louisiana faces in funding state government operations 10next fiscal year; and 11 WHEREAS, over the last several years, funding for state services, higher education, 12and health care services for low- to moderate-income families have all been pared back to 13the bare necessities and any further reduction could cause the collapse of such much needed 14programs; and 15 WHEREAS, part of the proposed state budget for next year relies heavily on 16increased tuition costs for college students, the potential loss of more state jobs held by 17many heads of household and sole providers, and precarious funding strategies for the state's 18share of Medicaid costs, all of which impact citizens' ability to obtain the same level of 19critical government services they have in the past. 20 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana hereby suspends 21the provisions of R.S. 47:305.54, 305.58, and 305.62 authorizing annual state sales tax Page 1 of 2 HLS 15RS-1307 ENGROSSED HCR NO. 15 1holidays in order to bolster state general fund revenues and help finance the operations of 2state government in Fiscal Year 2015-2016. 3 BE IT FURTHER RESOLVED that this suspension shall become effective upon 4adoption of this Resolution and shall extend through the sixtieth day after final adjournment 5of the 2016 Regular Session of the Legislature of Louisiana. 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)] HCR 15 Engrossed 2015 Regular Session Montoucet Suspends until 60 days after final adjournment of the 2016 Regular Session of the Legislature the provisions of R.S. 47:305.54, 305.58, and 305.62 authorizing annual state sales tax holidays. (Suspends R.S. 47:305.54, 305.58, and 305.62) Page 2 of 2