GREEN SHEET REDIGEST
HB 22 2016 First Extraordinary Session Jackson
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
Repeals the three-year sunset of certain reductions to tax rebates (Item #11).
DIGEST
Present law sunsets on June 30, 2018, a 20% reduction of rebates made in Act No. 126 of the
2015 R.S. to the following rebate programs:
(1)R.S. 51:2367 Louisiana Mega-Project Energy Assistance Rebate
(2)R.S. 51:2455 Incentive rebates (Louisiana Quality Jobs)
(3)R.S. 51:3114 Contract Administration; rebate (Corporate Headquarters Relocation
Program)
(4)R.S. 51:3121 Competitive Projects Payroll Incentive Program
Proposed law extends the reductions in present law through the sunset date of the provisions
of the Act that originated as House Bill No. 62 of the 2016 First Extraordinary Session of the
Legislature of Louisiana, if House Bill No. 62 becomes effective.
Effective only if and when the Act that originated as House Bill No. 62 of this 2016 First
Extraordinary Session of the Legislature.
(Amends §6 of Act No. 126 of the 2015 R.S.; adds §7 of Act No. 126 of the 2015 R.S.)
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Delete the provisions of proposed law that repealed the sunset provisions of Act
No. 126 of the 2015 R.S.
2. Extend the reductions made in Act No. 126 of the 2015 R.S. if the Act that
originated as House Bill No. 62 of the 2016 First Extraordinary Session of the
Legislature of Louisiana becomes effective.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs
to the reengrossed bill
1. Makes technical changes.
2. Makes bill effective only if and when the Act that originated as HB62 becomes
effective.
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Prepared by James Benton.