SB318

Louisiana SB318 repeals certain tax exemption budget and tax incentive reporting requirements.

Louisiana SB318 repeals present law that required state agencies to issue reports on job creation from tax incentives. It also repeals the requirement for the tax exemption budget to include the purpose of each exemption, estimated costs, and assessments of each exemption's effectiveness. The bill retains the requirement for the tax exemption budget to be published on the Department of Revenue's website and mandates that tax exemptions be organized into categories. The bill becomes effective upon the governor's signature or lapse of time for gubernatorial action.