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 Engrossed 2016 Regular Session Abramson
Abstract: Authorizes the secretary of the Dept. of Revenue to enter into certain contracts for
incentive rebate payments.
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 changes the agency head authorized to enter into contracts for benefits under present
law from the secretary of DED to the secretary of DOR.
(Amends R.S. 47:6351(B)(1))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Delete all proposed law in the original bill.
2. Change the agency head authorized to enter into contracts for procurement processing
company rebate contracts from the secretary of the DED to the secretary of the DOR.