Requires that notice of intent and proposition for ad valorem taxes levied for volunteer fire departments indicate that a portion of tax proceeds will be paid to retirement systems. (gov sig) (EN NO IMPACT LF See Note)
Impact
The enactment of SB93 is intended to enhance the financial management of volunteer fire departments while ensuring that voters are adequately informed about the financial implications of tax levies they approve. By requiring explicit communication regarding the allocation of tax revenues, the bill could foster a better understanding of taxpayer contributions to retirement systems and the sustainability of volunteer services. This could, in turn, influence public support for such funding initiatives, as voters gain insight into how their contributions directly support vital community services.
Summary
Senate Bill No. 93, introduced by Senator Mizell, focuses on the funding of volunteer fire departments in Louisiana. The bill mandates that any notice of intent and proposition regarding ad valorem taxes levied to support these volunteer organizations must clearly state that a portion of the tax proceeds will be allocated to state and statewide retirement systems. This provision aims to ensure transparency and inform voters about where their tax dollars are directed, especially concerning funding retirement benefits for those serving in these departments.
Sentiment
The sentiment surrounding SB93 appears favorable, as it promotes transparency and accountability in financial dealings related to volunteer fire departments. Legislators have supported the bill without opposition, indicating a shared consensus on its necessity and positive implications for local governance. The emphasis on informing voters not only emphasizes responsible fiscal management but also acknowledges the significant role these volunteer services play in public safety and community well-being.
Contention
While there has been overwhelming support for SB93, the potential for contention lies in how these changes may be interpreted by different stakeholders. Critics may argue that requiring additional disclosures could complicate the tax approval process, leading to voter confusion or hesitance in supporting tax propositions. Conversely, advocates argue that this level of detail enhances voter education and fosters trust in local government operations, thereby making it easier for fire departments to secure necessary funding.
Requires, for certain elections, that notice to the public be given and records be kept relating to the remittance of portions of tax collections to specified retirement systems in accordance with law
Provides for the carry forward rather than the refund of a certain portion of the tax credit for ad valorem taxes paid on inventory. (gov sig) (Item #47) (EN +$17,300,000 GF RV See Note)
Provides for carry forward rather than a refund of tax credits from ad valorem taxes paid to local governments. (gov sig) (OR +$40,000,000 GF RV See Note)
Provides for the carry forward rather than the refund of a certain portion of the tax credits for ad valorem taxes paid to local governments (EN +$129,000,000 GF RV See Note)
Authorizes and provides for an ad valorem tax exemption that allows cooperative endeavor agreements between taxing authorities and non-residential property owners that require payments in lieu of ad valorem taxes (OR SEE FISC NOTE LF RV See Note)
Authorizes and provides for cooperative endeavor agreements between local governmental subdivisions and other entities that may require payments in lieu of ad valorem taxes. (See Act) (EN SEE FISC NOTE LF RV See Note)
Authorizes and provides for cooperative endeavor agreements between local governmental subdivisions and other entities that may require payments in lieu of ad valorem taxes (OR SEE FISC NOTE LF RV See Note)