The Louisiana Senate Revenue and Fiscal Affairs Committee is continuing to review the state’s wide array of tax credits, exemptions and rebates at its regular meetings. Today the committee started its review by looking at some of the tax giveaways directed at the agriculture industry. The goal is to review all of the credits, exemptions and rebates, with changes proposed in the 2017 session or a possible second special session this year, whichever comes first.
In related news, the task force that was established during the special session to target structural tax and budget reforms for the 2017 fiscal session has been filled out and is already meeting to draw up legislative proposals.
The Task Force on Structural Changes in Budget and Tax Policy had its first meeting two weeks ago in the LaSalle Building and met again last Thursday, but there have been informal talks about having it meet at the Capitol in the coming weeks to allow better access for public viewing and archived recordings. Right now the task force is primarily reviewing the current tax code and how changes from the last two sessions will impact it and incoming revenue.
The appointments to the Task Force on Structural Changes in Budget and Tax Policy are as follows:
—Dr. James A. Richardson, principal on Revenue Estimating Conference
—Kimberly L. Robinson, secretary, Louisiana Department of Revenue
—William C. Potter, member appointed by Society of Louisiana Certified Public Accountants
—V. Thomas Clark Jr., member appointed by the governor
—Jay Dardenne, commissioner of administration
—Dr. James Alm, economist appointed by speaker of the House
—Dr. Steven M. Sheffrin, economist appointed by president of the Senate
—Jason DeCuir, member of business community appointed by speaker of the House
—Sean Reilly, member of business community appointed by president of the Senate
—Robert Travis Scott, member appointed by Public Affairs Research Council
—Barry Erwin, member appointed by Council for a Better Louisiana
—Randy Roach, member appointed by speaker of the House
—Louis Reine, member appointed by president of the Senate
Jeremy Alford and Gordon Brillon will publish a daily update throughout the legislative regular session on Daily Report PM. Alford reports on Louisiana politics at LaPolitics.com. Follow him on Twitter or on Facebook. He can be reached at JJA@LaPolitics.com.