The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 173 Original 2017 Regular Session Morrell
Present law provides for income and corporation tax credits for a percentage of the cost of certain
qualifying activities.
Proposed law provides that the following credits cannot be earned for the qualifying activities after
December 31, 2017:
(1)Certain refunds issued by utilities.
(2)Employer credit (Employment of the Previously Unemployed).
(3)Louisiana Basic Skills Training Tax Credit.
(4)Employer tax credits for donations of materials, equipment, advisors, or instructors.
(5)Tax credits for donations made to public schools.
(6)Tax credits for certain expenses paid by economic development corporations.
(7)Tax credits for purchasers from "PIE contractors".
(8)Tax credit for "green job industries".
(9)Urban Revitalization Tax Incentive Program.
Present law include a state low-income housing credit tax that expired on January 1, 1994.
Proposed law repeals the provisions of expired state low-income housing credit tax.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:265, 287.664, 6004(A)(1) and (C), 6009(D)(1), 6012(B), 6013(A), 6017(A), and
6037(I); adds R.S. 47:6018(G) and R.S. 51:1807(A)(3); repeals R.S. 47:12)