HLS 18RS-169 ORIGINAL
2018 Regular Session
HOUSE BILL NO. 71
BY REPRESENTATIVE PUGH
FUNDS/FUNDING: Provide for deposits into the Tangipahoa Parish Tourist Commission
Fund and the Tangipahoa Parish Economic Development Fund
1 AN ACT
2To amend and reenact R.S. 47:322.5(B) and 332.14, relative to the disposition of certain
3 state sales tax collections in Tangipahoa Parish; to provide for deposits into the
4 Tangipahoa Parish Tourist Commission Fund; to provide for deposits into the
5 Tangipahoa Parish Economic Development Fund; to provide for an effective date;
6 and to provide for related matters.
7 Notice of intention to introduce this Act has been published
8 as provided by Article III, Section 13 of the Constitution of
9 Louisiana.
10Be it enacted by the Legislature of Louisiana:
11 Section 1. R.S. 47:322.5(B) and 332.14 are hereby amended and reenacted to read
12as follows:
13 §322.5. Disposition of certain collections in Tangipahoa Parish
14 * * *
15 B. The monies in the Tangipahoa Economic Parish Economic Development
16 Fund shall be subject to an annual appropriation by the legislature. The monies in
17 the fund shall be utilized exclusively for economic development in Tangipahoa
18 Parish. All unexpended and unencumbered monies in the fund at the end of the
19 fiscal year shall remain in the fund. The monies in the fund shall be invested by the
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 18RS-169 ORIGINAL
HB NO. 71
1 treasurer in the same manner as the monies in the state general fund, and all interest
2 earned shall be deposited in the state general fund.
3 * * *
4 §332.14. Disposition of certain collections in Tangipahoa Parish
5 The avails of the tax imposed by R.S. 47:331 from the sales of services as
6 defined in R.S. 47:301(14)(a) in Tangipahoa Parish under R.S. 47:331(C) and 332,
7 as applicable, shall be credited to the Bond Security and Redemption Fund, and after
8 a sufficient amount is allocated from that fund to pay all the obligations secured by
9 the full faith and credit of the state which become due and payable within any fiscal
10 year, the treasurer shall pay the remainder of such funds into the Tangipahoa Parish
11 Tourist Commission Economic Development Fund as provided in and subject to R.S.
12 47:302.17 47:322.5.
13 Section 2. This Act shall become effective on July 1, 2018.
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 71 Original 2018 Regular Session Pugh
Abstract: Changes the dedication of a portion of the state sales tax on hotel rooms in
Tangipahoa Parish from the Tangipahoa Parish Tourist Commission Fund to the
Tangipahoa Parish Economic Development Fund.
Present law provides for the dedication of portions of the 3.97% state sales tax on the
furnishing of hotel rooms collected in Tangipahoa Parish. 2.97% is deposited into the
Tangipahoa Parish Tourist Commission Fund and 1% is deposited into the Tangipahoa
Parish Economic Development Fund.
Proposed law decreases the deposit into the Tangipahoa Parish Tourist Commission Fund
from 2.97% to 2% and increases the deposit into the Tangipahoa Parish Economic
Development Fund from 1.00% to 1.97%.
Effective on July 1, 2018.
(Amends R.S. 47:322.5(B) and 332.14)
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.