The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Martha S. Hess.
DIGEST
SB 318 Original 2016 Regular Session Donahue
Present law provides for the definitions of words used in Title 39 of the Revised Statutes.
Proposed law retains present law and amends the definition of "incentive expenditures" to mean the
reductions of and payments from current tax collections because of payments to businesses and
individuals for the refund, rebate, or transferable credits granted through either an incentive contract
between the state or an agency of the state and a specific recipient, or certification or approval of a
specific recipient by the state or an agency of the state. Proposed law retains list of incentive benefit
statutes included in present law.
Present law provides that the Revenue Estimating Conference shall establish a forecast of incentive
expenditures for each fiscal year, which shall include a forecast of the amount of payments from and
reductions of current tax collections to be granted by incentive expenditures.
Present law provides that the governor shall cause to be prepared an executive budget presenting a
complete financial and programmatic plan for the ensuing fiscal year which shall include
recommendations for appropriations from the state general fund and dedicated funds which shall not
exceed the official forecast of the Revenue Estimating Conference.
Proposed law retains present law and further provides that the executive budget for Fiscal Year
2017-2018 and each fiscal year thereafter shall include a statement of incentive expenditures as
contained in the incentive expenditure forecast. The incentive expenditures allocations shall be
stated as a separate description in the program activities of the respective department, agency, or
authority of the state which administers an incentive expenditure. A statement of total incentive
expenditure allocations shall also be provided in the executive budget proposal. Such incentive
expenditures shall not be included as, nor counted towards the operating expenses of the relevant
department, agency, or authority.
Present law provides for the contents and format of executive budget.
Proposed law retains present law and further provides that the executive budget shall contain a
statement of incentive expenditures as contained in the incentive expenditure forecast. The incentive
expenditures allocations shall be stated as a separate description in the program activities of the
respective department, agency, or authority of the state which administers an incentive expenditure.
A statement of total incentive expenditure allocations shall also be provided in the executive budget
proposal. Such incentive expenditures shall not be included as, nor counted towards the operating
expenses of the relevant department, agency, or authority.
Present law provides relative to the general appropriation bill and provides that the general appropriation bill and other appropriation bills shall not appropriate any funds, which are not part
of the official forecast except appropriations from existing statutorily dedicated funds for purposes
other than the fund's statutory purpose as provided in present law.
Proposed law retains present law and further provides that the General Appropriation Bill and other
appropriation bills shall include a statement of incentive expenditure allocations as contained in the
incentive expenditure forecast. The incentive expenditures allocations shall be stated as a separate
description in the program activities of the respective department, agency, or authority of the state
which administers an incentive expenditure. Such incentive expenditures shall not be included as,
nor counted towards the operating expenses of the relevant department, agency, or authority.
Present law provides that after the passage of the appropriation and revenue acts, but not later than
October first of each year, the governor shall cause to be prepared a complete state budget for the
fiscal year. The budget so prepared shall include all the details of the financial plan for the fiscal
year, as to both expenditures and means of financing as presented in the executive budget, with such
revision as may be necessary to bring them into conformity with the appropriation and revenue acts
and other acts to provide means of financing, and with the legislative provisions in effect, governing
administration of the budget.
Proposed law retains present law but further provides that the budget so prepared for Fiscal Year
2017-2018 and each fiscal year thereafter shall include a statement of total incentive expenditure
allocations and a statement of incentive expenditure allocations by department.
Effective July 1, 2016.
(Amends R.S. 39:2(15.1)(intro para), 24.1(A) and (E)(3), 34(A), 51(A)(2) and 56(A); adds R.S.
39:36(A)(7))