Louisiana 2013 Regular Session

Louisiana House Bill HSR3

Caption

Requests the House Ways and Means Committee to study ad valorem taxes for heavy equipment rental property

Impact

If conducted, the study is expected to shed light on the effectiveness and fairness of the current ad valorem tax processes as they apply to heavy equipment rental properties. It will assess how these taxes are determined, collected, and their wider impacts on local economies and the rental industry itself. This could lead to significant changes in state law that would alter how rental property taxes are handled, specifically regarding heavy machinery, which can influence both revenue for local governments and operational costs for rental companies.

Summary

House Study Request No. 3 (HSR3), authored by Representative Broadwater, calls for an in-depth study by the House Committee on Ways and Means concerning the assessment, valuation, and collection of ad valorem taxes for heavy equipment rental properties. This request is driven by the increased interest and concerns from both the industry and local governments regarding the existing framework governing such taxes. The study aims to evaluate the implications of current practices and to gather comprehensive data to inform potential legislative reforms in the 2014 Regular Session.

Sentiment

The sentiment surrounding HSR3 seems primarily positive within the context of stakeholders advocating for clarity and efficiency in tax assessment processes. There is a recognition that a structured examination may alleviate some burdens faced by businesses and provide local governments with clearer guidelines. However, there may also be apprehension among those fearing that any changes could disrupt existing local authority in tax matters, thus reflecting a cautious approach towards the study's conclusions.

Contention

Notable points of contention may arise regarding the balance between local government autonomy and the need for standardized state-wide tax practices. Stakeholders from the equipment rental industry may push for more favorable tax assessment methods, while local governments may advocate for maintaining their ability to regulate and collect taxes tailored to their unique circumstances. The ultimate findings and recommendations of the study could lead to debates in the legislature about the appropriateness of current taxation models versus potential reforms.

Companion Bills

No companion bills found.

Previously Filed As

LA HB517

Provides with respect to ad valorem taxes for heavy equipment rental property (OR SEE FISC NOTE LF RV)

LA HSR11

Urges and requests the House Committee on Ways and Means to study issues relating to property assessments for purposes of ad valorem property taxes

LA HCSR2

Requests the House Ways and Means and the Senate Revenue and Fiscal Affairs Committees to study the feasibility of funding the ad valorem property taxes levied on business inventories

LA HCSR5

Requests the House Ways and Means and the Senate Revenue and Fiscal Affairs Committees to study the need to provide for ad valorem property tax relief for property owners who are serving in or have served in the military

LA HCSR1

Requests the House Ways and Means and Senate Revenue and Fiscal Affairs Committees to study the fiscal impact and feasibility of eliminating state income taxes and the ad valorem tax assessed on certain inventories

LA HSR2

Requests the House Committee on Ways and Means to study the impact of expanding the role of the Louisiana Sales and Use Tax Commission to include issues relative to non-remote sales sourced to Louisiana

LA HCSR3

Urges and Requests the House Ways and Means and the Senate Revenue and Fiscal Affairs Committees to study the need to provide for enhanced ad valorem property tax relief for property owners serving in or retired from the military

LA HSR4

Requests the House Committee on Ways and Means and the House Committee on Health and Welfare to study the effects of local sales taxes on prescription drugs administered in an outpatient setting

LA HSR6

Requests the House Ways and Means Committee to study the impact of pharmacy benefit management contracts on the collection and payment of local sales and use tax on prescription drugs and pharmacist services

LA HSR5

Requests the House Committee on Commerce to study local governmental subdivision authority relative to the placement of cable networks within public rights-of-way

Similar Bills

No similar bills found.