LA HB37

Bill

Authorizes an income tax credit for certain businesses whose operations were interrupted as a result of the COVID-19 pandemic (Items #26 and 65) (EN DECREASE GF RV See Note)

Introduced
09/28/2020

In Committee
10/19/2020

Crossed Over
10/13/2020

Passed
10/21/2020

Dead

Vetoed
11/11/2020

Introduced Session

2020 Second Extraordinary Session

Bill Summary

AN ACT To enact R.S. 47:6041, relative to income tax credits; to authorize an income tax credit for certain businesses; to provide for the amount of the credit; to provide for requirements and limitations; to authorize the carryforward of unused amounts of the credit; to provide for the claiming of credits; to provide for applicability; to provide for an effective date; and to provide for related matters.

AI Summary

This bill authorizes a one-time income tax credit for Louisiana businesses that operate restaurants or establishments licensed to sell or serve alcoholic beverages for consumption on their premises, if their total sales from March 1, 2020, through December 31, 2020, were less than their total sales from March 1, 2019, through December 31, 2019, due to the COVID-19 pandemic interrupting their operations. The credit amount equals the annual state license or permit fees paid by the business for 2020. Businesses that started operations on or after August 1, 2019, are also eligible for the credit. Unused credit amounts can be carried forward for up to three years. The bill applies to income tax periods beginning on or after January 1, 2020.

Committee Categories

Budget and Finance

Sponsors (3)

Beau Beaullieu (R)*, Troy Carter (D), Chuck Owen (R),

Last Action

Vetoed by the Governor. (on 11/11/2020)

Official Document

http://www.legis.la.gov/legis/BillInfo.aspx?s=202ES&b=HB37&sbi=y

Version:

Document Type	Source Location
State Bill Page	http://www.legis.la.gov/legis/BillInfo.aspx?s=202ES&b=HB37&sbi=y
Analysis - Resume Digest for HB37	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1195978
HB37 Veto Message	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1195316
Fiscal Note - HB37 Enrolled	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193977
BillText	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193594
Fiscal Note - HB37 ReEngrossed	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193024
BillText	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191989
Analysis - Digest of HB37 Reengrossed	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192032
House Floor Amendment #334 Beaullieu Adopted	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190998
Fiscal Note - HB37 Engrossed	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191108
House Committee Amendment #313 W&M Adopted	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190776
House Committee Amendment #278 W&M Draft	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190646
BillText	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190850
Analysis - Digest of HB37 Engrossed	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190899
Fiscal Note - HB37 Original	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1190591
BillText	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1189329
Analysis - Digest of HB37 Original	http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1189331

Bill > HB37

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary