The original instrument was prepared by Riley Boudreaux. The following digest,
which does not constitute a part of the legislative instrument, was prepared by
Thomas L. Tyler.
DIGEST
SB 105 Reengrossed 2015 Regular Session Morrell
Proposed law authorizes the secretary of the Department of Revenue to hold any person who has an
ownership interest in a corporation, limited liability company, or limited partnership which was
created or organized for the purpose of receiving or selling tax credits personally liable for the total
amount of such credits as an alternative means of enforcing recovery of disallowed credits.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:6007(F))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs to
the original bill
1. Changed proposed law from applying to entities organized "for the primary purpose"
of receiving and/or selling tax credits to applying to entities organized "for the
purpose" of receiving and/or selling the credits.
Senate Floor Amendments to engrossed bill
1. Changes "receiving and/or selling tax credits" to "receiving or selling tax credits".