HB 37 - Expands Business Tax Credits - Louisiana Key Vote
Franklin Foil Did Not Vote on this Legislation.
Timeline
- Executive Vetoed
- Nov. 11, 2020
- Senate Bill Passed
- Oct. 20, 2020
- House Bill Passed
- Oct. 12, 2020
- Introduced
- Sept. 28, 2020
Related Issues
Stage Details
Title: Expands Business Tax Credits
Vetoed by Governor John Bel Edwards
Title: Expands Business Tax Credits
Vote Smart's Synopsis:
Vote to pass a bill that expands business tax credits.
Highlights:
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Authorizes a one-time credit against Louisiana income tax imposed by the commissioner of alcohol and tobacco control and paid by the owners of the restaurant establishments (Sec 1).
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Specifies an exemption for restaurants that are licensed to serve alcoholic beverages for consumption will be eligible for credit authorized (Sec 1).
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Specifies that the taxpayer claiming that their credit submitted through documentation was less than the taxpayer’s total sales as a result of COVID, they must provide documentation that includes the taxpayer’s total sales for both 2019 and 2020 (Sec 1).
Title: Expands Business Tax Credits
Title: Expands Business Tax Credits