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Bill > HB300

LA HB300

Provides relative to the amount of the research and development tax credit and authorizes transferability of the credit under certain circumstances (EN +$300,000 GF RV See Note)

summary

Introduced
03/30/2017
In Committee
05/30/2017
Crossed Over
05/23/2017
Passed
06/07/2017
Dead
Signed/Enacted/Adopted
06/22/2017

Introduced Session

2017 Regular Session

Bill Summary

AN ACT 2 To amend and reenact R.S. 47:6015(C)(2), (D), (E)(1), and (J), relative to the research and 3 development tax credit program; to provide for definitions; to provide for credit 4 rates; to provide for transferability of credits; to extend the termination of the credit; 5 to provide for applicability; to provide for an effective date; and to provide for 6 related matters. 7

AI Summary

This bill amends the Louisiana research and development tax credit program. It reduces the credit rate for larger companies (from 8% to 5%) and smaller companies (from 40% to 30%), but maintains a higher 10% rate for medium-sized companies (50-99 employees). The bill also allows companies that receive federal Small Business Technology Transfer or Small Business Innovation Research grants to transfer or sell their unused tax credits to other Louisiana taxpayers, subject to certain conditions. Finally, the bill extends the termination of the credit program from December 31, 2019 to December 31, 2021.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Effective date: 06/22/17. (on 06/22/2017)

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bill summary

Document Type Source Location
State Bill Page http://www.legis.la.gov/legis/BillInfo.aspx?s=17rs&b=HB300&sbi=y
Analysis - Resume Digest for HB300 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1056381
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1052197
Fiscal Note - HB300 Enrolled http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1050024
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1049336
House Vote on HB 300 CONCUR IN SENATE AMENDMENTS (#802) http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1049236
Summary of Senate Amendments to HB300 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1048173
Senate Floor Bureau Note #2669 Morrell Adopted http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1046770
Fiscal Note - HB300 ReEngrossed With Senate Cmte Amendments http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1046296
Senate Committee Amendment #2498 R&F Proposed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1045777
Analysis - Senate Green Sheet Digest for HB300 http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1045965
Fiscal Note - HB300 ReEngrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1045157
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1043933
Analysis - Digest of HB300 Reengrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1043953
House Floor Amendment #3036 Davis Withdrawn http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1043473
Fiscal Note - HB300 Engrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1042614
House Committee Amendment #2665 W&M Adopted http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041440
House Floor Legislative Bureau Amendment #1894 Pierre Proposed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041869
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041813
Analysis - Digest of HB300 Engrossed http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041857
House Committee Amendment #2650 W&M Draft http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041387
House Committee Amendment #2616 W&M Draft http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041302
Fiscal Note - HB300 Original http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1041199
BillText http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1029836
Analysis - Digest of HB300 Original http://www.legis.la.gov/Legis/ViewDocument.aspx?d=1029866
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