- Full Program
- Horizontal Drilling Exemption - Shreveport Representative Patrick Williams explains the tax exemption given to natural gas explorers using horizontal drilling.
- 150 years of stored gas - Rep. Patrick Williams, D- Shreveport, touches on the benefits to the state from the horizontal drilling tax exemption.
- Goal of members - Revenue Study Commission Chairman, Rep. Joel Robideaux explains that securing hard data is the goal of many on the panel.
- Fiscal notes not enough - Revenue Study Commission Chairman, Rep. Joel Robideaux explains that securing hard data is the goal of many on the panel.
- Film Tax Credit Concerns - Rep. Jim Fannin, House Appropriations Committee Chairman, gives some of his concerns about Louisiana’s Film Tax Incentive.
- Accountability LED incentives - Erin Monroe Wesley, Legislative Chair for the Louisiana Industrial Development Executive Association points out that only Louisiana Economic Development incentives must report their return on investment.
- Tax Exemptions defined - Louisiana Budget Project policy analyst Tim Mathis explains what a tax exemption is.
- Exemptions escape scrutiny - Tim Mathis, policy analyst for Louisiana Budget Project, touches on his concerns about the growth of the state’s tax exemptions.
- Cap Film Tax Credit? - Louisiana Budget Project policy analyst Tim Mathis says the film tax credit of the state should be capped.
- Sunset law? - Tim Mathis, policy analyst for Louisiana Budget Project, explains how other states regularly review tax exemptions.
- Tradeoff - For Louisiana Budget Project policy analyst Tim Mathis, tax exemptions are part of a zero sum game.
- Education Funding - Southern Ed Desk education reporter Sue Lincoln explored what tax exemptions cost the state in 2011.
09/12 - Tax Break or Tax Broken: Louisiana’s Tax Exemptions
What is the return on investment of Louisiana’s tax credits?
Each year, Louisiana grants more than $4 billion in tax refunds, credits, incentives, exclusions, and deductions to corporations and individuals. Some entities receive tax rebates even if they don’t have a tax liability. So, what is the return on investment of Louisiana’s tax breaks? How can they be better tracked? And how do they affect state income estimates? As the 14-member Revenue Study Commission begins its review of the state’s 468 tax exemptions, Louisiana Public Square explores the issue on “Tax Break or Tax Broken: Louisiana’s Tax Exemptions” Wednesday, September 26th at 7 p.m. on LPB HD.
The most recent legislative session ended with the state’s $25.6 billion budget being balanced through the use of $272 million in one-time money. Governor Jindal said that without the one-time money, colleges and health care services would have faced devastating cuts. As it was, lawmakers took $57 million out of the Department of Health and Hospitals’ budget on top of $400 million DHH had already planned on slashing. Higher education received cuts of $25 million, some which will be offset by legislation allowing universities to raise tuition again.
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• Revenue Study Commission
– Includes meeting agendas with specific exemptions to be reviewed
• Louisiana Budget Project
– Nonprofit organization that monitors and reports on state government spending
• Tax Revenue & Exemptions Overview
– Document prepared by the La Department of Revenue
• Tax Exemption Budget 2011-2012
– 409 page document prepared by La Dept. of Revenue
• “Tax Exemptions 101”
– Video presentation of the Louisiana Budget Project
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In reference to tax exemptions for private education, it’s everyone’s civic duty to fund public education whether you have a dozen children or none.
Posted by William Bertolette on 09/26 at 08:02 PM
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