09/12 - Tax Break or Tax Broken: Louisiana’s Tax Exemptions | Louisiana Public Square | LPB
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Video Playlist:

Play Button  Full Program - Full Program
Play Button  Extra - Horizontal Drilling Exemption - Shreveport Representative Patrick Williams explains the tax exemption given to natural gas explorers using horizontal drilling.
Play Button  Extra - 150 years of stored gas - Rep. Patrick Williams, D- Shreveport, touches on the benefits to the state from the horizontal drilling tax exemption.
Play Button  Extra - Goal of members - Revenue Study Commission Chairman, Rep. Joel Robideaux explains that securing hard data is the goal of many on the panel.
Play Button  Extra - Fiscal notes not enough - Revenue Study Commission Chairman, Rep. Joel Robideaux explains that securing hard data is the goal of many on the panel.
Play Button  Extra - Film Tax Credit Concerns - Rep. Jim Fannin, House Appropriations Committee Chairman, gives some of his concerns about Louisiana’s Film Tax Incentive.
Play Button  Extra - 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.
Play Button  Extra - Tax Exemptions defined - Louisiana Budget Project policy analyst Tim Mathis explains what a tax exemption is.
Play Button  Extra - Exemptions escape scrutiny - Tim Mathis, policy analyst for Louisiana Budget Project, touches on his concerns about the growth of the state’s tax exemptions.
Play Button  Extra - Cap Film Tax Credit? - Louisiana Budget Project policy analyst Tim Mathis says the film tax credit of the state should be capped.
Play Button  Extra - Sunset law? - Tim Mathis, policy analyst for Louisiana Budget Project, explains how other states regularly review tax exemptions.
Play Button  Extra - Tradeoff - For Louisiana Budget Project policy analyst Tim Mathis, tax exemptions are part of a zero sum game.
Play Button  Extra - 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.

Backgrounder

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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Our Panelists:

RESOURCES

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

We want to know your opinion! Leave your comments in the box below.


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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