Creates the Louisiana Tax Institute within the Dept. of Revenue as an advisory body on tax related matters (REF INCREASE GF EX See Note)
Impact
By creating the Louisiana Tax Institute, HB 1120 empowers this new body to examine existing tax laws, identify flaws, and propose modifications to enhance clarity and efficiency in tax administration. The Institute’s activities are designed to align Louisiana's tax regulations closely with best practices observed in other jurisdictions, facilitating cooperation with organizations like the Multistate Tax Commission and the Federation of Tax Administrators. This reform is expected to streamline tax processes and support local municipalities in improving tax collection efficacy.
Summary
House Bill 1120 establishes the Louisiana Tax Institute within the Department of Revenue as an advisory body focused on the review and reform of Louisiana's tax laws. The Institute aims to address issues related to tax law complexity and inequities, providing necessary recommendations to improve both the substantive and procedural facets of tax legislation. A key goal is to facilitate ongoing revision of tax policies, ensuring they remain relevant and fair.
Sentiment
The sentiment surrounding HB 1120 appears largely positive, with lawmakers recognizing the necessity for a structured approach to tax reform. Proponents advocate for the potential benefits of the Institute in alleviating administrative burdens associated with Louisiana tax law. However, there could be concerns about the effectiveness of the Institute’s advice being implemented by the legislature, as well as skepticism about the speed of meaningful change.
Contention
Notable points of contention may arise around the governance structure of the Institute and its relationship with the state legislature. The requirement for a substantial majority (three-quarters) of board members to approve recommendations could lead to challenges in consensus-building, possibly stalling necessary reforms. Additionally, stakeholders may debate the degree to which the Institute's recommendations will influence state policy, particularly concerning local taxation issues.
Establishes the Louisiana Tax Institute within the legislature and provides for the membership and the terms of membership of the governing board (EG SEE FISC NOTE GF EX See Note)
Requests the Louisiana State University Center for Energy Studies, Louisiana State University Public Administration Institute, and the Louisiana Tax Institute to analyze mineral revenues, taxes, and exemptions and to submit a written report of its findings to the legislature. (EG NO IMPACT GF EX See Note)
Requests the Louisiana State University Center for Energy Studies, Louisiana State University Public Administration Institute, and the Louisiana Tax Institute to analyze mineral revenues, taxes, and exemptions and to submit a written report of its findings to the legislature.
Requests the Louisiana State University Center for Energy Studies, the Louisiana State University Public Administration Institute, and the Louisiana Tax Institute to analyze mineral revenues, taxes, and exemptions and to submit a written report of its findings to the Senate.
Requests the Louisiana State University Center for Energy Studies, Louisiana State University Public Administration Institute, and the Louisiana Tax Institute to analyze mineral revenues, taxes, and exemptions and submit a written report of its findings to the legislature.
Requests the Louisiana State Law Institute to study and make recommendations to the Louisiana Legislature regarding state law post-Obergefell v. Hodges.
Requests that the La. State Law Institute evaluate current terminology and recommend new terminology when referencing persons with disabilities in La. law