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)]
HB 1067 Original 2016 Regular Session Schroder
Abstract: Requires certain tax expenditures to be appropriated and limits the amount of each tax
credit and rebate to the appropriated amount.
Proposed law requires, beginning in FY 17-18, the executive budget and the General Appropriation
Bill to have an appropriation for each income tax expenditure program in the same section of law
as the department that grants or administers the program.
Proposed law defines "income tax expenditure program" as each income tax credit and each income
tax rebate authorized pursuant to present law.
Proposed law limits, beginning in FY 17-18, the amount of each income tax credit or income tax
rebate to the amount appropriated in the General Appropriation Bill for each fiscal year. Further
requires the department administering the provisions of an income tax credit or income tax rebate
to establish by rule, the method of allocating available income tax credits and rebates.
Proposed law provides that any incentive expenditure as defined in present law (R.S. 39:2(15.1)) in
which a periodic program evaluation and a coterminous periodic program sunset are established prior
to commencement of the 2018 R.S. shall not be subject to the appropriation requirement established
pursuant to proposed law. Proposed law requires the program evaluation for these incentive
expenditures to be conducted not less than once every five years.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 39:51(E) and (F); Adds R.S. 39:34(F) and 51(G) and R.S. 47:1675(K))