Louisiana House Bill HB55

Louisiana 2016 2nd Special Session

• Introduced: 6/6/16
• Refer: 6/6/16

Caption

Provides for effectiveness of the exclusion for sales of admissions to athletic and entertainment events held for or by an elementary and secondary school (Item #7)

Impact

The implications of HB 55 are significant as it modifies the suspension placed on various tax exemptions and delineates specific exclusions for school-related entertainment events. This legislative action restores the prior state sales tax exemption, which supports educational initiatives and offers financial relief for schools in hosting extracurricular activities. The bill specifically impacts future tax strategies and budget allocations at both state and local levels, emphasizing the need for continued support of educational funding through favorable tax policies.

Summary

House Bill 55 seeks to amend the existing state sales and use tax law by specifically adding an exclusion for sales of admissions to athletic and entertainment events held for or by elementary or secondary schools. This change signifies recognition of the unique nature of these events and the importance of supporting educational institutions through tax relief. By reinstating this exclusion, the bill primarily aims to ensure that schools can benefit from such exemptions, potentially leading to enhanced participation and funding for their events.

Sentiment

The sentiment surrounding HB 55 appears generally positive among supporters, particularly educators, parents, and school administrators, who view it as a necessary step to alleviate financial pressures on schools hosting athletic and entertainment events. Conversely, concerns might arise from a faction advocating for broader tax reform, questioning the sustainability of maintaining multiple exemptions in the current fiscal climate. Overall, the sentiment reflects a balance between support for educational funding and apprehension over the state’s fiscal responsibilities.

Contention

Potential contention surrounding the bill may arise from debates regarding the broader impact of tax exemptions on state revenue. Critics may argue that while supporting school events is valuable, multiple tax exemptions can lead to reduced state revenue, which is necessary for other educational and public services. The bill exemplifies the ongoing tension between providing community support through tax breaks and ensuring the state can adequately fund a range of services.