HASBSB12 TYLERT 3801
SENATE SUMMARY OF HOUSE AMENDMENTS
SB 12 2022 Regular Session Reese
KEYWORD AND SUMMARY AS RETURNED TO THE SENATE
TAX/TAXATION. Provides for an extension of the Competitive Projects Payroll
Incentive Program. (gov sig)
SUMMARY OF HOUSE AMENDMENTS TO THE SENATE BILL
1..Technical amendment.
DIGEST OF THE SENATE BILL AS RETURNED TO THE SENATE
DIGEST
SB 12 Engrossed 2022 Regular Session Reese
Present law provides for the Competitive Projects Payroll Incentive Program, which provides
payroll and capital expenditure rebates for qualifying businesses invited by the secretary of
economic development to participate in the program.
Present law provides for eligibility requirements for businesses to participate in the program
including the creation of net new jobs in the state, health benefits for employees, significant
out-of-state sales, and significant positive economic benefit to the state.
Present law provides that no new contracts can be executed under the program on or after
July 1, 2022, although existing contracts will continue to be honored and contract extensions
may be granted for existing contracts.
Proposed law extends the date for which new contracts may be executed to July 1, 2026.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 51:3121(C)(3)(a))
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Thomas L. Tyler
Senate Counsel