Provides for a study of credits, exemption, and rebates and the corresponding impact on the state budget.
Impact
The resolution proposes significant changes to how funds are allocated to school districts, moving towards a more needs-based system. Should SCR103 be implemented, it is expected to influence state laws governing education financing by prioritizing funding for under-resourced schools. This could lead to more equitable educational opportunities for students in lower-income areas and help bridge the gap in achievement between affluent and less affluent districts.
Summary
SCR103 is a concurrent resolution aimed at reevaluating and potentially restructuring the state's education funding mechanism. It emphasizes the importance of ensuring that all students receive equitable access to educational resources and opportunities, regardless of their geographic or socioeconomic circumstances. The resolution underscores the necessity for the state to reassess its current funding formulas to address disparities that affect student performance and educational outcomes across different districts.
Sentiment
The sentiment surrounding SCR103 appears largely supportive among education advocates and some legislators who believe that the current funding system exacerbates inequalities. Supporters argue that the resolution is a critical step towards fair funding practices that can uplift disadvantaged schools. However, there are concerns from others who fear that substantial changes to funding structures might lead to resistance from wealthier districts that benefit from the current system, signaling a divided perspective on the potential outcome of the resolution.
Contention
Notably, the conversation around SCR103 includes debates on the sustainability of increased funding sources and how to address opposition from districts that may lose funding. There is also discussion regarding the long-term implications for educational quality and how the resolution aligns with broader state goals for educational reform. Stakeholders are particularly focused on ensuring that the changes proposed through SCR103 are not only impactful in the short term but also sustainable for future generations.
Urges and Requests the chairmen of the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs to establish a joint subcommittee to study state tax incentives and rebates (EG INCREASE GF EX See Note)
Creates the Tax Structure and Governmental Program Review Commission to study the tax structure, including tax laws and related exemptions, exclusion, and credits, and governmental programs and operations in Louisiana.
Provides for the required reporting of certain revenue, exemptions, credits, rebates in the tax exemption budget and on LaTrac. (8/1/18) (EN NO IMPACT See Note)
Authorizes the House Ways and Means Committee to study the state's tax structure, including state tax exemptions and credits, and to make recommendations concerning eliminating the state tax levied on individual and corporate income and reforming state tax exemptions and credits
Creates the Louisiana Sales Tax Simplification Task Force to develop a comprehensive plan to simplify Louisiana's sales tax administration and collection system. (OR SEE FISC NOTE GF EX)
Provides for the annual reporting to the Joint Legislative Committee on the Budget by departments and public postsecondary education management boards on enacted legislation with significant fiscal impact. (7/1/13) (EN SEE FISC NOTE GF EX See Note)
Urges and Requests the chairmen of the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs to establish a joint subcommittee to study state tax incentives and rebates (EG INCREASE GF EX See Note)
Creates a legislative oversight committee to oversee and set priorities for the expenditure of federal monies received by the state for emergencies and disaster recovery (RE INCREASE GF EX See Note)
In pupils and attendance, further providing for computation of distances; and, in reimbursements by Commonwealth and between school districts, providing for pupil transportation data.