The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Laura Gail Sullivan.
DIGEST
SB 281 Original 2015 Regular Session Cortez
Proposed law allows a credit against La. income tax or corporate franchise tax due in a tax year owed
by an owner of land in La., at the rate of $100 per acre leased if the lessee is required to engage in
biomass recovery for 100% of the waste produced by growing sugar cane on the land leased. The
credit shall not exceed the annual value of the lease.
Effective August 15, 2015.
(Adds R.S. 47:6039)