ENROLLED
2020 Regular Session
HOUSE CONCURRENT RESOL UTION NO. 66
BY REPRESENTATIVES BISHOP, ADAMS, AMEDEE, BAGLEY, BEAULLIEU,
BOURRIAQUE, BUTLER, CARRIER, COUSSAN, CREWS, DAVIS,
DESHOTEL, DUBUISSON, ECHOLS, EDMONDS, FIRMENT, FONTENOT,
FREIBERG, FRIEMAN, GADBERRY, GAROFALO, GOUDEAU, HARRIS,
HORTON, ILLG, MIKE JOHNSON, KERNER, MCCORMICK, MCFARLAND,
MCKNIGHT, MIGUEZ, MINCEY, CHARLES OWEN, ROBERT OWEN,
PRESSLY, RISER, ROMERO, SCHAMERHORN, SCHEXNAYDER,
SEABAUGH, SELDERS, STEFANSKI, THOMAS, TURNER, WHEAT, WRIGHT,
AND ZERINGUE
A CONCURRENT RESOL UTION
To suspend until sixty days after final adjournment of the 2021 Regular Session of the
Legislature of Louisiana the state corporation franchise tax levied on Louisiana small
business corporations at the rate of one dollar and fifty cents for each one thousand
dollars, or major fraction thereof on the first three hundred thousand dollars of
taxable capital pursuant to the provisions of R.S. 47:601(A) and to suspend 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 pursuant to the provisions
of R.S. 47:611(A).
WHEREAS, On March 11, 2020, Governor John Bel Edwards issued Emergency
Proclamation Number 25 JBE 2020, which declared a statewide public health emergency as
a result of the imminent threat posed to Louisiana citizens by the outbreak of a respiratory
disease caused by a novel coronavirus known commonly as COVID-19; and
WHEREAS, on March 13, 2020, Governor John Bel Edwards issued Emergency
Proclamation Number 27 JBE 2020, which supplemented the measures taken in his
declaration of a public health emergency with additional restrictions in order to further
protect the health and safety of the public because of COVID-19; and
WHEREAS, On March 22, 2020, Governor John Bel Edwards issued Emergency
Proclamation Number 33 JBE 2020 which implemented additional measures, including a
general stay-at-home order to the public and the temporary closure of certain businesses and
further limiting the operations of certain non-essential businesses to the public to mitigate
the impact of COVID-19, and to disrupt the spread of the virus; and
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WHEREAS, as a result of the issuance of the general stay-at-home order and the
temporary closure of certain businesses and the further limiting of the operations of certain
non-essential businesses to the public, businesses as well as employees have suffered great
economic losses; and
WHEREAS, in an effort to mitigate some of the financial losses suffered by
businesses, the state should consider temporarily suspending the state corporation franchise
tax levied on Louisiana small business corporations and suspending 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.
THEREFORE, BE IT RESOLVED that the Legislature of Louisiana hereby suspends
the provisions of the state corporation franchise tax levied on Louisiana small business
corporations at the rate of one dollar and fifty cents for each one thousand dollars, or major
fraction thereof on the first three hundred thousand dollars of taxable capital pursuant to the
provisions of R.S. 47:601(A) and suspends 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 pursuant to the provisions of R.S. 47:611(A).
BE IT FURTHER RESOLVED that this suspension shall apply only to franchise
taxable periods beginning between July 1, 2020 and June 30, 2021.
BE IT FURTHER RESOLVED that for purposes of this resolution, "Louisiana small
business corporation" means a business that is exercising its charter, or qualified to do
business or actually doing business in this state, or owning or using any part or all of its
capital, plant, or any other property in this state, that is subject to the corporation franchise
tax, and that has taxable capital of five hundred thousand dollars or less.
BE IT FURTHER RESOLVED that this suspension shall become effective upon
adoption of this Resolution and shall extend through the sixtieth day after final adjournment
of the 2021 Regular Session of the Legislature of Louisiana.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
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