Louisiana House Bill HB566

Louisiana 2017 Regular Session

• Introduced: 3/31/17
• Refer: 3/31/17
• Refer: 4/10/17
• Report Pass: 5/1/17
• Engrossed: 5/10/17
• Refer: 5/11/17
• Report Pass: 5/15/17
• Enrolled: 5/24/17
• Chaptered: 6/3/17
• Passed: 6/3/17

Caption

Creates an individual income tax checkoff for the Louisiana Horse Rescue Association (EN NO IMPACT GF RV See Note)

Impact

The implementation of HB 566 enables the Louisiana Horse Rescue Association to receive funding through a new channel, potentially increasing its operational capacity and resources for horse rescue activities. This legislative action might encourage a greater sense of social responsibility among taxpayers, providing an avenue for philanthropy while incentivizing charitable contributions through the tax system. The role of the House Committee on Ways and Means is also highlighted, as they may request reports from the association regarding its revenue and expenditure, ensuring accountability and transparency in the use of the donated funds.

Summary

House Bill 566 is an act that establishes an individual income tax checkoff option for taxpayers to donate a portion of their tax refund to the Louisiana Horse Rescue Association. This initiative allows individuals filing their state tax returns to contribute directly to the association, thereby providing financial support for its operations focused on the rescue and rehabilitation of horses in the state. The method of donation is straightforward: taxpayers can indicate the amount they wish to contribute on their tax return forms, which will be deducted from their refund. It aims to enhance community engagement and support for animal welfare in Louisiana.

Sentiment

Overall sentiment towards HB 566 appears to be positive among supporters of animal welfare and those advocating for nonprofit funding mechanisms. Legislators and stakeholders likely view this bill as a beneficial move toward enhancing the capabilities of rescue organizations through structured financial support. The potential benefits to animal welfare resonate well with the public, promoting overall goodwill towards the initiative. However, a portion of the discourse could include concerns about the efficacy of such measures in providing sustainable funding compared to other sources.

Contention

While HB 566 is aimed at promoting positive social effects through donations to the Horse Rescue Association, it may also raise discussions about the role of state tax policy in funding charitable organizations versus traditional funding methods. Specific points of contention could involve debates on whether similar checkoff options should be available for other causes, how effectively the Horse Rescue Association will utilize the additional funds, and the administrative burden that might arise from tracking and reporting such donations within the tax system.