Louisiana's film tax credit program to continue, with a cap

Nick Sanchez
June 3, 2017

Fred Mills' bill and sent the legislation to Gov. John Bel Edwards' desk.

The House on Friday spurned a proposal from Republican Rep. Rob Shadoin to remove protections for more than $900 million, to make it easier to shuffle dollars around in the state operating budget.

The Senate is scheduled Saturday to debate and pass its version of the operating budget for the fiscal year that begins July 1, setting up the dividing lines between the two chambers over how to finance state government agencies.

"That would be a struggle, to use all of it", he said.

The Senate panel's plan instead spends all of that money.

In addition to supporting the recommendations of a bipartisan task force created by the legislature, which spent more than 125 hours studying the state's budgeting practices and how to reform Louisiana's broken tax and budget structure, Gov. Edwards offered a comprehensive plan to the legislature as an alternative to the task force recommendations. Lawmakers have until June 8 to reach a deal before the session ends.

Disagreement between the House and Senate about next year's spending isn't the only outstanding dispute to be settled, to avoid a special session. The special session is to give legislators time to finalize a budget but with some of the bills voted on today, it seems like the special session is just what they'll need.

"If they don't agree on it, I'd be very disappointed", said Erdey, who serves as vice-chairman on the Senate's Revenue and Fiscal Affairs Committee.

Republicans and Democrats have been meeting privately to broker a compromise.

Supporters of the tax increase, Republican and Democrat, applauded his effort and vented their disappointment on the House floor.

"The House isn't going to go to zero, but as long as there is some cushion, I think there's a number that can be reached for a compromise", said Rep. Franklin Foil, R-Baton Rouge, who serves as the vice chairman of the House Appropriations Committee. "Should we come to an agreement on the operating and construction budgets, this special session will not be necessary". "We're working in the right direction".

Baton Rouge Rep. Steve Carter announced Wednesday that he won't pursue the tax hike in the remaining days of the legislative session.

Other reports by AllAboutTopnews

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