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Committee adopts amendment to shift parish-level tax exemption data into industry-level business tax benefit report
Summary
The Ways and Means Committee adopted an amendment to Senate Bill 318 that removes parish-level reporting from the annual Tax Exemption Budget and creates a separate business tax benefit report organized by NAICS code; the bill was reported as amended.
Senate Bill 318, introduced on behalf of Senator Reese, would change how Louisiana reports tax exemptions by removing parish-level breakdowns from the annual Tax Exemption Budget and creating a separate Business Tax Benefit Report due each September.
The sponsorpresenter told the committee the Department of Revenue collects a massive amount of data and currently has to allocate businesses to a single parish, which can skew parish-level results. "By removing that data in the tax annual tax exemption budget, it should allow Department of Revenue to produce that budget on time," the presenter said, adding that the new report will "culminat[e] that data by NAICS code instead of by parish level data so that we understand how much a particular industry is receiving a tax exemption in Louisiana."
Committee counsel distributed a seven-amendment set (set 3961) and identified amendment number 5 as substantive. That amendment requires each parishsingle sales and use tax collector to produce an annual local sales and use tax exemption report that largely mirrors the state Tax Exemption Budget. The committee adopted the amendment without objection.
After discussion, the committee moved to report the bill as amended. There were no questions from committee members and no public speakers on the measure; the bill was reported to the next stage with the adopted changes.
Why this matters: The change is intended to give legislators timely, more-accurate information during the appropriations process by shifting parish allocation work out of the departmentso statewide and industry-level impacts can be measured more reliably.
The committee did not set further conditions or next steps during the hearing; the bill was reported as amended to proceed through the legislative process.
