HLS 15RS-834 ORIGINAL 2015 Regular Session HOUSE CONCURRENT RESOL UTION NO. 71 BY REPRESENTATIVE FANNIN TAX/INCOME TAX: Suspends all individual income 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 individual income 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 state tax levied on individual income; and 8 WHEREAS, the financial condition of the state at this present time is such that 9monies lost due to these exclusions, exemptions, deductions, and credits are critically 10needed to avoid the elimination of vital state services to the citizens of the state. 11 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana hereby suspends 12all laws or portions of laws in the Louisiana Revised Statutes of 1950 that provide for an 13exclusion, exemption, deduction, or credit against the individual income tax levied pursuant 14to Chapter 1 of Subtitle II of Title 47 of the Louisiana Revised Statutes of 1950. 15 BE IT FURTHER RESOLVED that this suspension shall become effective upon 16adoption of this Resolution and shall extend through the sixtieth day after final adjournment 17of the 2016 Regular Session of the Legislature of Louisiana. Page 1 of 2 HLS 15RS-834 ORIGINAL HCR NO. 71 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 71 Original 2015 Regular Session Fannin Suspends all exclusions, exemptions, deductions, and credits allowed against the individual income tax until 60 days after final adjournment of the 2016 R.S. (Suspends all exclusions, exemptions, deductions, and credits allowed against the individual income tax.) Page 2 of 2