RDCSB222 1194 3317
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)]
SB 222 Engrossed 2015 Regular Session Donahue
Present law provides for the definitions of words used in Title 39 of the Louisiana Revised
Statutes. Proposed law would retain present law and add the definition of "incentive
expenditures" to mean the reductions of and payments from current tax collections because
of the following incentive benefit statutes:
(1)Atchafalaya Trace Heritage Area Development Zone Tax Exemption (Part II of
Chapter 26 of Title 25 of the La. Revised Statutes, comprised of R.S. 25:1226 et
seq.).
(2)Brownfields Investor Tax Credit (R.S. 47:6021).
(3)Cane River Heritage Tax Credit (R.S. 47:6026).
(4)Louisiana Community Economic Development Act (R.S. 47:6031).
(5)Ports of Louisiana Tax Credits (R.S. 47:6036).
(6)Motion Picture Investor Tax Credit (R.S. 47:6007).
(7)Research and Development Tax Credit (R.S. 47:6015).
(8)Digital Interactive Media and Software Tax Credit (R.S. 47:6022).
(9)Louisiana Motion Picture Incentive Act (Chapter 12 of Subtitle II of Title 47 of the
La. Revised Statutes of 1950, comprised of R.S. 47:1121 et seq.).
(10)Louisiana Capital Companies Tax Credit Program (Chapter 26 of Title 51 of the La.
Revised Statutes of 1950, comprised of R.S. 51:1921 et seq.).
(11)New Markets Tax Credit (R.S. 47:6016).
(12)University Research and Development Parks (R.S. 17:3389).
(13)Industrial Tax Equalization Program (Chapter 1 of Subtitle V of Title 47 of the La.
Revised Statutes of 1950, comprised of R.S. 47:3201 through 3205).
(14)Exemptions for Manufacturing Establishments (Chapter 3 of Subtitle V of Title 47
of the La. Revised Statutes of 1950, comprised of R.S. 47:4301through 4306).
(15)Enterprise Zones (Chapter 21 of Title 51 of the La. Revised Statutes of 1950,
comprised of R.S. 51:1781 et seq.).
(16)Sound Recording Investor Tax Credit (R.S. 47:6023).
(17)Urban Revitalization Tax Incentive Program (Chapter 22 of Title 51 of the La.
Revised Statutes of 1950, comprised of R.S. 51:1801).
(18)Technology Commercialization Credit and Jobs Program (Part VI of Chapter 22 of
Title 51 of the La. Revised Statutes of 1950, comprised of R.S. 51:2351 et seq.).
(19)Angel Investor Tax Credit Program (R.S. 47:6020).
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(20)Musical and Theatrical Productions Income Tax Credit (R.S. 47:6034).
(21)Retention and Modernization Act (Chapter 39-C of Title 51 of the La. Revised
Statutes of 1950, comprised of R.S. 51:2399.1 through 2399.6).
(22)Green Jobs Industries Tax Credit (R.S. 47:6037).
(23)Louisiana Quality Jobs Act (Chapter 42 of Title 51 of the Louisiana Revised Statutes
of 1950, comprised of R.S. 51:2451 et seq.).
(24)Corporate Headquarters Relocation Program (Chapter 54 of Title 51 of the La.
Revised Statutes of 1950, comprised of R.S. 51:3111 through 3115).
(25)Competitive Projects Payroll Incentive Program (R.S. 51:3121).
(26)Procurement Processing Company Rebate Program (R.S. 47:6351).
(27)Rehabilitation of Historic Structures Tax Credit (R.S. 47:6019).
(28)Rebates for Donations to School Tuition Organizations (R.S. 47:6301).
Proposed law also defines "current tax collections" to mean the current collections of the
taxes imposed by Subtitle II of Title 47 of the La. Revised Statutes of 1950.
Proposed law requires the Revenue Estimating Conference (REC) to establish a forecast of
incentive expenditures for each fiscal year, beginning for fiscal year 2016-2017, which shall
include a forecast of the amount of payments from and reductions of current tax collections
to be granted by each of the incentive benefit statutes listed in the definition of incentive
benefit for the forecasted year. Provides that the forecast shall be an amount that is no less
than the estimated amount of payments from and reductions of current tax collections which
will be made by each of the incentive benefit statutes.
Proposed law provided that the incentive expenditure forecast shall be derived and based
upon the assumption that the current law and current administrative procedures will remain
in effect for the forecast period. Provides that the agency which administers the incentive
benefit shall notify the conference when the incentive expenditure forecast is not sufficient
to meet the requirements of current law or current administrative procedures. The conference
may revise the forecast as necessary. Provides that the incentive expenditure forecast shall
be a separate forecast and shall not be included in the estimates of the money to be received
by the state general fund and dedicated funds for the current and next fiscal years which are
available for appropriation.
Proposed law provides for the information, and the timing of submission of the information,
that agencies of the state are to provide in order for the REC to prepare an incentive
expenditure forecast.
Proposed law provides that the incentive expenditure forecast shall be determined by the
REC through a process to be decided by the conference except that any final action
establishing an incentive expenditure forecast shall be taken only pursuant to a unanimous
decision by all of the conference principals.
Effective July 1, 2015.
(Adds R.S. 39:2(15.1) and (15.2) and 24.1)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original
bill
1. Deletes provisions providing for incentive expenditures to be contained in the
executive budget.
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Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Appropriations to the
engrossed bill:
1. Technical amendments.
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