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 772 Original 2016 Regular Session Abramson
Abstract: Provides relative to rebates programs administered by the state.
Present law authorizes the secretary of the Dept. of Economic Development (DED) to enter into a
contract with a procurement processing company which recruits purchasing companies to La. for
incentive rebate payments (hereinafter "rebates") in exchange for the generation of new state tax
revenue from new taxable sales. Further requires the secretary of the Dept. of Revenue (DOR) to
pay rebates from the state tax revenue generated by the new taxable sales occurring in La. as a result
of the operation of a procurement processing company in La.
Proposed law makes technical revisions to present law.
(Amends 47:6351(A)(3) and (B)(2))