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LA HB280

LA HB280
Requires parishes to use portions of severance tax revenues received from the state for economic development activities and infrastructure projects (EG SEE FISC NOTE GF RV See Note)


summary

Introduced
03/28/2023
In Committee
04/26/2023
Crossed Over
04/25/2023
Passed
Dead
06/08/2023

Introduced Session

Potential new amendment
2023 Regular Session

Bill Summary

Requires parishes to use portions of severance tax revenues received from the state for economic development activities and infrastructure projects (EG SEE FISC NOTE GF RV See Note)

AI Summary

This bill requires parishes to use portions of their severance tax revenues received from the state for economic development activities and infrastructure projects. Specifically, it states that any amount of severance tax revenue received by a parish in a fiscal year that is in excess of the amount received in Fiscal Year 2022-2023 must be allocated as follows: 50% for regional economic development organizations or qualified economic development expenditures, and 50% for transportation, water, sewer, or other infrastructure projects. The bill will only take effect if the proposed amendment to Article VII of the Louisiana Constitution, which was introduced as House Bill No. 277, is adopted in a statewide election.

Committee Categories

Budget and Finance

Sponsors (36)

Last Action

Senate Committee on Revenue and Fiscal Affairs (11:00:00 5/15/2023 John J. Hainkel, Jr. Room) (on 05/15/2023)

Taxonomy

Community Development and Housing Issues
  • ‐ Community and Regional Development
Government Operations
  • ‐ Intergovernmental Relations
Transportation
  • ‐ Infrastructure

bill text


bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://www.legis.la.gov/legis/BillInfo.aspx?s=23rs&b=HB280&sbi=y 03/28/2023
House Floor Amendment #1691 Magee Withdrawn https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1315020 04/24/2023
Fiscal Note - HB280 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1313951 04/20/2023
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1313540 04/19/2023
House Committee Amendment #1396 W&M Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1313507 04/19/2023
Analysis - Digest of HB280 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1313693 04/19/2023
Fiscal Note - HB280 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1311416 04/12/2023
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1306756 03/28/2023
Analysis - Digest of HB280 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1306768 03/28/2023
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