HLS 20RS-1571 ORIGINAL
2020 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 66
BY REPRESENTATIVE BISHOP
TAX/CORP FRANCHISE: Suspends the corporation franchise tax levied on domestic and
foreign corporations and the initial tax levied on certain business entities subject to
the corporate franchise tax
1 A CONCURRENT RESOL UTION
2To suspend until sixty days after final adjournment of the 2021 Regular Session of the
3 Legislature of Louisiana the state corporation franchise tax levied on domestic and
4 foreign corporations pursuant to the provisions of R.S. 47:601(A) and to suspend the
5 initial tax levied on corporations or other entities for the first accounting period in
6 which the entity becomes subject to the corporation franchise tax pursuant to the
7 provisions of R.S. 47:611(A).
8 WHEREAS, On March 11, 2020, Governor John Bel Edwards issued Emergency
9Proclamation Number 25 JBE 2020, which declared a statewide public health emergency as
10a result of the imminent threat posed to Louisiana citizens by the outbreak of a respiratory
11disease caused by a novel coronavirus known commonly as COVID-19; and
12 WHEREAS, on March 13, 2020, Governor John Bel Edwards issued Emergency
13Proclamation Number 27 JBE 2020, which supplemented the measures taken in his
14declaration of a public health emergency with additional restrictions in order to further
15protect the health and safety of the public because of COVID-19; and
16 WHEREAS, On March 22, 2020, Governor John Bel Edwards issued Emergency
17Proclamation Number 33 JBE 2020 which implemented additional measures, including a
18general stay-at-home order to the public and the temporary closure of certain businesses and
19further limiting the operations of certain non-essential businesses to the public to mitigate
20the impact of COVID-19, and to disrupt the spread of the virus; and
Page 1 of 2 HLS 20RS-1571 ORIGINAL
HCR NO. 66
1 WHEREAS, as a result of the issuance of the general stay-at-home order and the
2temporary closure of certain businesses and the further limiting of the operations of certain
3non-essential businesses to the public, businesses as well as employees have suffered great
4economic losses; and
5 WHEREAS, in an effort to mitigate some of the financial losses suffered by
6businesses, the state should consider temporarily suspending the state corporation franchise
7tax levied on domestic and foreign corporations and suspending the initial tax levied on
8corporations or other entities for the first accounting period in which the entity becomes
9subject to the corporation franchise tax.
10 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana hereby suspends
11the provisions of the state corporation franchise tax levied on domestic and foreign
12corporations pursuant to the provisions of R.S. 47:601(A) and suspends the initial tax levied
13on corporations or other entities for the first accounting period in which the entity becomes
14subject to the corporation franchise tax pursuant to the provisions of R.S. 47:611(A).
15 BE IT FURTHER RESOLVED that this suspension shall become effective upon
16adoption of this Resolution and shall extend through the sixtieth day after final adjournment
17of the 2021 Regular Session of the Legislature of Louisiana.
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)]
HCR 66 Original 2020 Regular Session Bishop
Suspends the state corporation franchise tax levied on domestic and foreign corporations
and the initial tax levied on corporations or other entities for the first accounting period in
which the entity becomes subject to the corporation franchise tax.
(Suspends R.S. 47:601(A) and 611(A))
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