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 Engrossed 2020 Regular Session Bishop
Suspends the state corporation franchise tax levied at the rate of $1.50 for each $1,000, or major
fraction thereof on the first $300,000 of taxable capital 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)) Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the original
bill:
1. Limit the suspension of the corporation franchise tax to the tax levied at the rate of $1.50
for each $1,000, or major fraction thereof on the first $300,000 of taxable capital on
domestic and foreign corporations.