Louisiana 2017 Regular Session

Louisiana House Bill HB92

Introduced
3/23/17  
Refer
3/23/17  
Refer
4/10/17  

Caption

Adds certain polyroll tubing to the definition of farm equipment for purposes of the state sales and use tax exemption for certain farm equipment (OR -$212,000 GF RV See Note)

Impact

If enacted, HB 92 would directly influence the financial practices of farmers concerning their equipment purchases. Specifically, it would facilitate access to polyroll tubing, which is essential for commercial farming operation irrigation. By doing this, the bill may positively affect the agricultural sector by allowing farmers to reinvest the savings from this tax exemption back into their farms, potentially increasing productivity and sustainability in Louisiana's farming practices.

Summary

House Bill 92, introduced by Representative Broadwater, aims to amend the state sales and use tax exemption definition by adding polyroll tubing to the list of allowable farm equipment. This legislation is focused on assisting farmers by ensuring they can obtain necessary irrigation materials without incurring a state sales tax on the first $50,000 of the cost. By expanding the definition of what constitutes farm equipment, the bill seeks to support agricultural operations in Louisiana, particularly in the effective management of irrigation systems.

Sentiment

The sentiment surrounding HB 92 appears to be favorable among stakeholders in the agricultural community. Farmers and agricultural advocates generally support measures that reduce operational costs and improve access to necessary farming tools. The sentiment is particularly positive as this legislation directly addresses the needs of farmers who rely heavily on efficient irrigation methods for successful crop production.

Contention

While the bill has garnered support, there may be concerns regarding the financial implications for state revenue due to the tax exemptions. For instance, an early estimate suggested a loss of approximately $212,000 in general funds as a result of the tax exemption provision. This could lead to discussions about the broader implications of tax exemptions for specific industries versus the state's budgetary constraints. Ensuring that local agriculture thrives without excessively burdening state resources will be a point of contention as the bill progresses.

Companion Bills

No companion bills found.

Previously Filed As

LA HB629

Adds certain polyroll tubing to the definition of farm equipment for purposes of the state sales and use tax exemption for certain farm equipment (EN -$690,000 GF RV See Note)

LA HB47

Adds certain polyroll tubing to the definition of farm equipment for purposes of the state sales and use tax exemption for certain farm equipment (OR -$212,000 GF RV See Note)

LA HB59

Adds certain polyroll tubing to the definition of farm equipment for purposes of the state sales and use tax exemption for certain farm equipment and authorizes a state sales and use tax refund for certain purchases of polyroll tubing made prior to July 1, 2017

LA SB4

Exempts purchases of certain farm equipment from the state sales and use tax during a declared state of emergency or disaster. (gov sig) (Item #26) (OR DECREASE GF RV See Note)

LA HB668

Extends the applicability of certain sales and use tax exemptions to local sales and use taxes (EG -$39,300,000 LF RV See Note)

LA SB97

Provides relative to the sales and use tax exemption for feed, seed, and fertilizer used by commercial farmers. (1/1/18) (EN SEE FISC NOTE See Note)

LA HB559

Repeals the state sales and use tax exclusion for manufacturing machinery and equipment and the exemption for business utilities and provides a refund of the state sales and use tax collected on certain manufacturing machinery and equipment and industrial utilities (OR INCREASE GF RV See Note)

LA HB17

Provide for the applicability of certain exclusions and exemptions to state sales and use taxes (Item #7) (OR +$84,000,000 GF RV See Note)

LA HB562

Provides with respect to the levy of state sales and use taxes on certain sales of tangible personal property and services (OR INCREASE GF RV See Note)

LA HB596

Defines a commercial farmer for purposes of certain sales and use tax exemptions (EN SEE FISC NOTE GF RV See Note)

Similar Bills

No similar bills found.