HLS 15RS-1726 ORIGINAL
2015 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 70
BY REPRESENTATIVE FANNIN
TAX/INCOME TAX: Suspends all corporate income and corporate franchise tax
exclusions, exemptions, deductions, and credits
1 A CONCURRENT RESOL UTION
2To suspend until sixty days after final adjournment of the 2016 Regular Session of the
3 Legislature of Louisiana all exclusions, exemptions, deductions, and credits allowed
4 against the corporation income tax and the corporation franchise tax.
5 WHEREAS, whenever the condition of the state fisc permits, the Legislature of
6Louisiana has attempted to afford tax relief to its citizenry in the form of various exclusions,
7exemptions, deductions, and credits from the corporation income and corporation franchise
8taxes; and
9 WHEREAS, the financial condition of the state is such that monies lost due to these
10exclusions, exemptions, deductions, and credits are critically needed to avoid cessation of
11vital services to the citizens of the state.
12 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana hereby suspends
13all laws or portions of laws in the Louisiana Revised Statutes of 1950, that provide for an
14exclusion, exemption, deduction, or credit against the corporation income tax and the
15corporation franchise tax levied pursuant to Chapter 1 and Chapter 5 of Subtitle II of Title
1647 of the Louisiana Revised Statutes of 1950.
17 BE IT FURTHER RESOLVED that this suspension shall become effective upon
18adoption of this Resolution and shall extend through the sixtieth day after final adjournment
19of the 2016 Regular Session of the Legislature of Louisiana.
Page 1 of 2 HLS 15RS-1726 ORIGINAL
HCR NO. 70
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 70 Original 2015 Regular Session Fannin
Suspends all exclusions, exemptions, deductions, and credits allowed against the corporation
income tax and the corporation franchise tax until 60 days after final adjournment of the
2016 R.S.
(Suspends all exclusions, exemptions, deductions, or credits allowed against the corporation
income tax and the corporation franchise tax.)
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