SLS 21RS-180 ENGROSSED
2021 Regular Session
SENATE BILL NO. 45
BY SENATOR HARRIS AND REPRESENTATIVE HUGHES
TAX/TAXATION. Extends the sunset date for Ports of Louisiana tax credits. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 47:6036(G), relative to Ports of Louisiana tax credits; to extend
3 the sunset of the tax credits; to provide for effectiveness; and to provide for related
4 matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:6036(G) is hereby amended and reenacted to read as follows:
7 ยง6036. Ports of Louisiana tax credits
8 * * *
9 G. Termination of investor and import-export cargo tax credits.
10 The provisions of Subsections C and I of this Section shall be effective until
11 July 1, 2021 July 1, 2025, and no investor tax credit or import-export cargo tax
12 credit pursuant to the provisions of this Section shall be granted after such date with
13 respect to any application received and approved after this date.
14 * * *
15 Section 2. This Act shall become effective upon signature by the governor or, if not
16 signed by the governor, upon expiration of the time for bills to become law without signature
17 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 45
SLS 21RS-180 ENGROSSED
1 vetoed by the governor and subsequently approved by the legislature, this Act shall become
2 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Curry Lann.
DIGEST
SB 45 Engrossed 2021 Regular Session Harris
Present law (R.S. 47:6036) provides for Ports of Louisiana tax credits, including an investor
tax credit and an import-export cargo tax credit, to encourage private investment in and the
use of state port facilities in Louisiana.
Present law provides for the sunset of the investor tax credit and the import-export cargo tax
credit on July 1, 2021.
Proposed law extends the sunset of the investor tax credit and the import-export cargo tax
credit from July 1, 2021, to July 1, 2025.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:6036(G))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal
Affairs to the original bill
1. Clarifies that tax credits will not be granted for applications received or
approved after the sunset date.
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.