Bill
Bill > HB542
LA HB542
Provides for the allowable amount of promotional play offered by certain gaming operators and for deductions regarding promotional play (EG DECREASE GF RV See Note)
summary
Introduced
04/04/2025
04/04/2025
In Committee
05/29/2025
05/29/2025
Crossed Over
05/28/2025
05/28/2025
Passed
Dead
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 27:44(15), 205(16), and 353(9), relative to promotional play in certain forms of gaming; to provide for the allowable amount of promotional play deduction in certain forms of gaming; to provide for the calculation of net gaming proceeds and gross revenue; and to provide for related matters.
AI Summary
This bill modifies Louisiana's gaming laws to establish a new method for calculating promotional play deductions for gaming operators across three different gaming contexts (casino gaming, riverboat gaming, and slot machine gaming). Currently, operators can deduct up to $5 million annually for promotional play wagers, but this bill introduces a progressive percentage-based cap that increases over time. Specifically, in 2026 operators can deduct up to 4% of their taxable revenue from promotional play, rising to 7% in 2027, and reaching 10% in 2028 and subsequent years. The bill applies this new calculation method uniformly across different types of gaming licenses, allowing operators to deduct the greater of either the $5 million fixed amount or the new percentage-based cap. This change aims to provide more flexible accounting for promotional play while potentially preventing excessive deductions that could significantly reduce gaming tax revenues. The modifications appear technical in nature but could have meaningful financial implications for gaming operators and the state's gaming tax collection.
Committee Categories
Justice
Sponsors (1)
Last Action
Read second time by title and referred to the Committee on Judiciary B. (on 05/29/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB542&sbi=y |
| Fiscal Note - HB542 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1417869 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1417061 |
| House Committee Amendment #3306 ACRJ Proposed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1417043 |
| Analysis - Digest of HB542 Engrossed | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1417114 |
| Fiscal Note - HB542 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1415513 |
| House Committee Amendment #1098 ACRJ Draft | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1405064 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404248 |
| Analysis - Digest of HB542 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404268 |
Loading...