SLS 15RS-362 ORIGINAL
2015 Regular Session
SENATE BILL NO. 281
BY SENATOR CORTEZ (BY REQUEST)
TAX/TAXATION. Provides for tax credits to landowners that require lessees of Louisiana
property to use 100% biomass crop recovery for the term of the lease. (8/1/15)
1 AN ACT
2 To enact R.S. 47:6039, relative to tax credits; to provide tax credits to landowners for certain
3 biomass actions; to provide for the amount of the credit; and to provide for related
4 matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6039 is hereby enacted to read as follows:
7 ยง6039. Tax credit for biomass recovery
8 An owner of land in Louisiana shall be allowed a credit against
9 Louisiana income tax or corporate franchise tax due in a tax year for requiring
10 a lessee of property located in the state who grows sugar cane to engage in
11 biomass recovery for one hundred percent of the waste produced on the land
12 leased. The credit shall be one hundred dollars per acre, not to exceed the
13 annual value of the lease.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 281
SLS 15RS-362 ORIGINAL
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)
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.