Provides relative to the Department of Transportation and Development and the State Highway Improvement Fund for the expenditure of money (EN SEE FISC NOTE SD EX See Note)
Reduces the rates and brackets for purposes of calculating individual income tax liability and the tax liability for estates and trusts and modifies certain income tax credits, exemptions, and deductions (OR +$172,000,000 GF RV See Note)
Levies a flat corporate income tax, repeals the corporation franchise tax, repeals deductibility of federal income taxes paid, and terminates certain income tax credits (OR DECREASE GF RV See Note)
Appropriates funds for payment of the consent judgment against the state in the suit entitled David L. Ocmand et al. v. Town of Brusly et al. c/w Louisiana Farm Bureau Casualty Insurance Company v. the State of Louisiana c/w State Farm Mutual Automobile Insurance Com. v. the State of Louisiana
Appropriates funds for payment of the amended non-appealable judgment by consent against the state in the suit entitled Mitchell Johnson, Jr. v. State of Louisiana et al. c/w David Lanus et al. v. State of Louisiana et al.