20 February 2016

Legislative special session through Feb. 20, 2016

The rules for special sessions as they are, legislators can introduce bills at any time. So the next couple of weeks will feature a rolling acquisition and progression of these, although none have made it out of their respective committees, if heard, yet.

THE GOOD: HB 37 by Rep. Tony Bacala would end quickly the wasteful solar installation tax credit; HB 44 by Rep. Chris Broadwater removes some statutory dedications (similar bills: HB 45; HB 63; HB 100); HB 50 by Rep. Neil Abramson would introduce a flat corporate tax, eventually eliminate the franchise tax, and end tax rebates (similar bills: HB 90, HB 103); HB 51 by Abramson would trade lower marginal income tax rates on individuals for excluding deductibility of federal taxes; HB 53 by Abramson would limit some sales tax exemptions and set up a framework to wean parishes from their ability to tax inventories (similar bills: HB 91, HB 92; SB 16); HB 75 by Rep. Julie Stokes would create a flat tax with higher exemption in exchange for limiting deductions (similar bills: HB 76, HB 78); HB 83 by Stokes would amend the Constitution to grant more flexibility in taxation levels; HB 102 by Broadwater would repeal the corporate income and franchise taxes.

THE BAD: HB 35 by Rep. Jay Morris would increase subsidization of higher parish taxes by state taxpayers; HB 41 by Stokes would escalate dramatically the tax burden on those already paying the vast majority of state income taxes (similar bills: HB 79, HB 80; HB 88; HB 95); HB 58 by Rep. Katrina Jackson raises taxes on certain corporations because it can; HB 62 by Jackson raises sales taxes permanently; HB 64 by Rep. Jack Montoucet would extend taxation on business utilities (similar bill: HB 94); HB 67 by Rep. Robbie Carter would create a ruinous new tax on petroleum transportation (similar bills: HB 68, HB 70); HB 72 by Rep. Rob Shadoin increases the telecommunications tax; HB 82 by Stokes would amend the Constitution to increase gas taxes (similar bill: HB 84); HB 96 by Rep. Dee Richard would lead to indiscriminate reduction of state contracts; HB 98 by Morris unnecessarily further restricts certain income tax credits; HB 104 by Stokes would increase sales taxes for several years and eliminate exemptions; SB 10 by Sen. Jack Donahue would throw out the baby with the bathwater concerning enterprise zone tax credit reform.

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