Exempts parish councils on aging from paying state sales and use tax. (10/1/11) (EN -$23,000 GF RV See Note)
Impact
The enactment of SB112 is significant in that it directly impacts the financial operations of the sixty-four parish councils on aging. These organizations, which are dedicated to serving senior citizens, are overseen by the office of elderly affairs in Louisiana. The tax exemption is expected to free up an estimated $23,000 from state revenue, which can then be redirected towards programs specifically benefitting the elderly population. By alleviating taxation, the bill also encourages the continuity and enhancement of existing services without the hindrance of additional financial constraints.
Summary
Senate Bill 112 (SB112) proposes an exemption from state sales and use tax for parish councils on aging in Louisiana. This bill aims to relieve financial burdens on nonprofit organizations that provide essential services to senior citizens across the state. By exempting these councils from sales tax, SB112 facilitates their ability to allocate more resources towards delivering state-approved services directly to elderly citizens, focusing on enhancing their quality of life.
Sentiment
The sentiment surrounding SB112 appears to be positive, especially among advocates for senior citizens and local nonprofit organizations. The bill received a unanimous vote of 90-0 during the final passage in the House, indicating strong bipartisan support. This consensus points toward a shared recognition of the value that parish councils on aging bring to their communities and the necessity of providing them with financial support to fulfill their missions. There seems to be a collective understanding that if these entities can operate without the burden of state sales tax, they will be better positioned to meet the needs of the growing elderly population.
Contention
While SB112 enjoys broad support, some might argue that the reduction in sales tax contributes to a loss of revenue for state funding. However, proponents argue that the positive impacts on community welfare and support for aging services outweigh potential fiscal concerns. This reflections the ongoing discussion about balancing state revenue needs with the immediate benefits of support for nonprofit organizations that cater to vulnerable populations.
Provides for a state sales and use tax exemption for certain transactions related to certain inhibitors and certain complex biologics. (7/1/11) (OR -$4,800,000 LF RV See Note)
Requires certain public notice and hearings before agreements are entered into which have the effect of making property exempt from ad valorem taxes in certain parishes. (7/1/11) (RE SEE FISC NOTE LF RV See Note)
Provides for the levy of state use tax on the purchase of property and services which are used to be manufactured into items for use in "orbital environments" 500 miles above earth's surface if the sale does not occur in the state and dedicates all state tax collected to make grants to such manufacturers. (10/1/11) (EG DECREASE GF RV See Note)