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Bill > SB72

LA SB72

LA SB72
Authorizes an income tax credit for certain businesses whose operations were interrupted as a result of the COVID-19 pandemic. (gov sig)

summary

Introduced
10/07/2020
In Committee
10/19/2020
Crossed Over
10/14/2020
Passed
10/22/2020
Dead
Signed/Enacted/Adopted
11/05/2020

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 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 refundable income tax credit for restaurant establishments and establishments licensed to sell or serve alcoholic beverages for consumption on their premises in Louisiana. The credit amount is equal to the annual state license or permit fee paid for calendar year 2020 for any month or fraction thereof during which the business was required to temporarily close operations due to the COVID-19 public health emergency. The credit can be claimed on the business's Louisiana income tax return, with specific provisions for how different business entities should claim the credit.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Effective date 11/5/2020. (on 11/05/2020)

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bill summary

Document Type Source Location
State Bill Page http://www.legis.la.gov/legis/BillInfo.aspx?s=202ES&b=SB72&sbi=y
Analysis - Resume Digest for SB72 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1194598
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1195057
Fiscal Note - SB72 Enrolled http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1194211
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193884
Analysis - Summary of House Amendments to SB72 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193587
Fiscal Note - SB72 ReEngrossed With House Cmte Amendments http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193412
Analysis - House Committee Redigest of SB72 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193117
House Committee Amendment #625 W&M Adopted http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193106
House Committee Amendment #611 W&M Draft http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1193063
Fiscal Note - SB72 ReEngrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192799
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192326
Analysis - Digest of SB72 Reengrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192422
Fiscal Note - SB72 Engrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192105
Senate Floor Legislative Bureau Amendment #494 Mills Fred Proposed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192064
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191860
Analysis - Digest of SB72 Engrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1192013
Fiscal Note - SB72 Original http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191711
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191497
Analysis - Digest of SB72 Original http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1191498
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