The original instrument was prepared by Leonore Heavey. The following digest,
which does not constitute a part of the legislative instrument, was prepared by
Danielle Clapinski.
DIGEST
SB 6 Reengrossed 2023 Regular Session Allain
Present law provides for the Quality Jobs Program under which employers that meet certain
conditions are eligible to receive payroll rebates on certain payroll expenses as well as rebates of
certain costs associated with the materials and equipment needed to complete the project.
Present law authorizes either a rebate of all state sales and use taxes on purchases of materials used
in the construction of a building and machinery and equipment used in the enterprise related to the
quality jobs contract or a rebate of one and one-half percent of the qualified capital expenditures for
the facility designated in the contract.
Present law also authorizes a rebate of local sales and use taxes on purchases of materials used in
the construction of a building and machinery and equipment.
Proposed law provides for reductions of the amount of these rebates if the corporate franchise tax
is reduced or eliminated as follows:
(1)If the automatic rate reduction trigger reduces the franchise tax by operation of law, the
rebates will be reduced by one half the reduction in the franchise tax rate.
(2)If the legislature reduces the franchise tax through a legislative act, the rebates will be
reduced by one-half the reduction in the franchise tax rate.
(3)If the franchise tax is repealed, the rebates shall be reduced by fifty percent.
Proposed law applies only to contracts for which advance notifications are filed after December 31,
2023, and will not apply to existing contracts.
Effective January 1, 2024.
(Adds R.S. 51:2456(B)(2))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs to
the original bill
1. Makes technical changes. Senate Floor Amendments to engrossed bill
1. Changes the reduction in the Quality Jobs Program sales and use tax rebate and
project facility expense rebate from the same percentage reduction as the franchise
rate reduction to one-half of the percentage reduction to the franchise tax.
2. Makes technical changes.