SCASB318 1427 843 SENATE COMMITTEE AMENDMENTS Regular Session ENROLLEDAmendments SENATEproposed BILLby NO.Senate Committee on Revenue and Fiscal Affairs to Original Senate Bill No.

318 BYby SENATORSenator REESEReese ANAMENDMENT ACTNO. To amend and reenact R.S.

1 On page 1, line 2, after "and reenact" delete the remainder of the line, delete line 3, and insert "R.S.

47:1517(G)47:1517.3, and 1517.3, and to repeal R.S.

47:1517(B)(3) and (4) andand" (C)AMENDMENT andNO. 1517.1(B)(4), relative to the tax exemption budget;

to2 On page 1, line 8, after "incentives;" insert "to provide for the publicationcreation and requirements of the business tax exemptionbenefit budget;report;" AMENDMENT NO.

to3 provideOn forpage 1, line 10, after "Section 1." delete the contentsremainder of the taxline exemptionand budget;insert "R.S.

to47:1517(B)(1) requireand parishthe collectorsAMENDMENT toNO. report certain information;

to4 provideOn relativepage to1, theline categorization11, ofafter tax"reenacted" exemptions;and before "to read" insert "and R.S.

to47:1517.3 repealis assessmenthereby requirements;enacted" AMENDMENT NO.

to5 repealOn certainpage reporting2, requirementsdelete online tax1 incentives;and insert the following:

"(b) The revenue loss to providethe state caused byeach tax exemption for the creationthree andprecedingyears,theestimatedrevenuelosstothestatecausedbyeachtaxexemption requirementsfor ofthe current fiscal year,and the businessestimated revenueloss to the state causedbyeach tax benefitexemption report;for the ensuing fiscal year.

to provide for an effective date;

and to provide for related matters.

Be it enacted by the Legislature of Louisiana:

Section 1.

R.S.

47:1517(B)(1) and the introductory paragraph of (2) are hereby amended and reenacted and R.S.

47:1517(G) and 1517.3 are hereby enacted to read as follows:

§1517.

Tax exemption budget * * * B.(1) The annual tax exemption budget shall be published on the LaTrac DepartmentofRevenue'swebsite,oranysubsequentdatabasethatmayreplacethe LaTrac system, and shall include the following:

(a) Each tax exemption, and its statutory citation, and its purpose.

(b) The revenue loss to the state caused by each tax exemption for the three precedingyears,theestimatedrevenuelosstothestatecausedbyeachtaxexemption for the currentfiscal year,and the estimated revenueloss to the state causedbyeach tax exemption for the ensuing fiscal year.

Page(d) 1The oftax 4exemption Coding:budget shall also include the following:

Words which are struck through are deletions from existing law;

words in boldface type and underscored are additions.

SB NO.

318 ENROLLED (d) The tax exemption budget shall also include the following:

The secretaryshallensurethatthepublicationshallnotincludeconfidentialinformation.secretaryshallensurethatthepublicationshallnotincludeconfidentialinformation." Page 1 of 2 SCASB318 1427 843 AMENDMENT NO.

(2)6 TheOn taxpage exemptions2, Eachbetween taxlines exemption5 inand the6, annualinsert tax exemption budget shall also be organized in an additional opening schedule as follows classified into one of the followingfollowing: categories:

*"§1517.3. * * G.(1)The singlesalesandusetaxcollectorforeachparish shall prepare and submit a tax exemption budget for all exclusions, exemptions, deductions, credits,rebates,andpreferentialtaxtreatmentsapplicabletothelocalsalesand Page 2 of 4 Coding:

Words which are struck through are deletions from existing law;

words in boldface type and underscored are additions.

SB NO.

318 ENROLLED use taxes it administers in accordance with requirements in Paragraph (B)(1) of this Section.

The tax exemption budget required by this Subsection shall be prepared annually and submitted to the governor and the legislature no later thanMarchfirstof eachyear,in thesamemannerandformasrequiredforthe taxexemptionbudgetpreparedbytheDepartmentofRevenuepursuanttothis Section.

(2)(a) Each collector shall submit the information required by this Subsection to the Louisiana Uniform Local Sales Tax Board, which shall compile, review, and transmit the information to the governor and the legislature.

(b) The Louisiana UniformLocal Sales Tax Board may adopt rules and establish procedures necessary to implement the provisions of this Subsection, includingstandardizedreportingformatsanddeadlinesforsubmissionbylocal collectors.

* * * §1517.3.

The report shall not include tax treatments required by federal law, including those relating to interstateinterstatecommerce,or commerce, or provisions that are part of the general tax structure of the tax system rather than enacted to provide a targeted tax preference.