Louisiana 2015 Regular Session

Louisiana House Bill HCR14

Introduced
4/3/15  
Introduced
4/3/15  
Refer
4/3/15  
Refer
4/13/15  
Refer
4/13/15  

Caption

Suspends exemptions to the state sales and use tax (EG +$177,400,000 GF RV See Note)

Impact

The suspension of exemptions is expected to generate an estimated $177.4 million in general fund revenue, which would be crucial for maintaining essential government services. This measure reflects a shift in fiscal policy aimed at increasing state revenue during times of financial strain. By temporarily eliminating tax breaks, the legislation is designed to bolster the state's budget, thereby ensuring the continuity of public services essential to the wellbeing of Louisiana's citizens.

Summary

HCR14 is a House Concurrent Resolution from the 2015 Regular Session of the Louisiana Legislature that seeks to suspend all exemptions associated with the state sales and use tax, specifically under R.S. 47:331. The resolution highlights the state's current fiscal condition, indicating that the loss of revenue from these exemptions is significantly impacting the state's ability to provide vital services. The general intent is to enhance state revenue by temporarily removing these exemptions, which will come into effect upon adoption and last until sixty days after the final adjournment of the 2016 Regular Session.

Sentiment

The sentiment surrounding HCR14 appears to be mixed, reflecting a broader debate about the balance between tax relief for citizens and the fiscal responsibilities of the state. Proponents view the suspension as a necessary step towards financial stability for the state, emphasizing the need to prioritize funding for vital services. Conversely, some critics may perceive the removal of sales tax exemptions as an undue burden on consumers, especially if it affects their purchasing power, leading to potential pushback from constituents who may rely on these exemptions for affordability.

Contention

Notable points of contention around HCR14 revolve around the potential impact on low-income households and businesses that benefit from the existing tax exemptions. While the resolution aims to address urgent state funding needs, there are concerns about the fairness of imposing higher taxes on consumer goods. Opponents may argue that this measure restricts economic relief that could support vulnerable populations. The debate encapsulates the complexities of tax policy where the immediate needs of the state compete with considerations of equity and economic resilience.

Companion Bills

No companion bills found.

Previously Filed As

LA HCR13

Suspends exemptions to the state sales and use tax (OR +$177,400,000 GF RV See Note)

LA HCR16

Suspends certain exemptions to the state sales and use tax (OR +$177,400,000 GF RV See Note)

LA HCR9

Suspends the state sales and use tax exemption for business utilities (EG +$103,000,000 GF RV See Note)

LA HCR4

Suspends various exemptions as to the 2%, 1%, and 0.97% state sales and use tax levies (Item #36) (EG SEE FISC NOTE GF RV See Note)

LA HCR5

Suspends various exemptions as to the 2%, 1%, and 0.97% state sales and use tax levys (Item #36) (OR SEE FISC NOTE GF RV See Note)

LA HCR11

Suspends all state sales and use tax exemptions

LA HCR51

Suspends the state sales and use tax exemption for business utilities (OR +$428,600,000 GF RV See Note)

LA HCR8

Suspends the exemption for business utilities as to the 0.97% state sales and use tax levy (EN +$103,000,000 GF RV See Note)

LA HCR17

Suspends certain exclusions and exemptions from a portion of the state sales and use tax

LA HCR10

Suspends the exemptions for the state sales and use tax levied on business utilities

Similar Bills

No similar bills found.