On December 12, 2016, I attended an Informational Tax Briefing hosted by the Louisiana Association of Business and Industry (LABI) in Baton Rouge. LABI hosted members of the task force created by House Concurrent Resolution 11 (HCR 11) so that they could share their findings with the public. By attending this event, I was able to gain insight into the potential sources of revenue state officials are considering to remedy the state's budgetary issues. Some information from the seminar is listed below.
About HCR 11
House Concurrent Resolution 11 was drafted by Representative John Schroder (R-Abita Springs) "to create the Task Force on Structural Changes in Budget and Tax Policy to:
- Continue the budget and tax reform evaluations begun during the 2016 First Extraordinary Session
- Make recommendations of changes to the state's tax laws in an effort to modernize and enhance the efficiency and fairness of the state's tax policies for individuals and businesses
- Examine the structure and design of the state budget and make recommendations for long-term budgeting changes
- Report to the legislature by September 1, 2016
- Urge and request the governor to support and implement initiatives for structural change introduced in upcoming sessions of the legislature intended to bring about long-term improvements to the programs and services of state government as well as cost savings through more efficient and effective state operations."
To read the full Resolution, click here.
Who’s on the Task Force
The Task Force consists of the following members:
- Dr. James A. Richardson (Professor of Economics and Director of the Public Administration Institute in the E. J. Ourso College of Business Administration at Louisiana State University)
- Kimberly L. Robinson (Secretary, Department of Revenue)
- William C. Potter (Director, Postlethwaite & Netterville)
- V. Thomas Clark, Jr. (Partner, Adams and Reese LLP)
- Jay Dardenne (Commissioner, Louisiana Division of Administration)
- Dr. James Alm (Professor and Chair of Economics, Tulane University)
- Dr. Steven M. Sheffrin (Professor of Economic and the Director of the Murphy Institute, Tulane University)
- Jason DeCuir (Director of Public Affairs, Ryan)
- Sean Reilly (CEO, Lamar Advertising)
- Robert Travis Scott (President, Public Affairs Research Council of Louisiana)
- Barry Erwin (Executive Director, Council for a Better Louisiana)
- Randy Roach (Mayor, Lake Charles)
- Louis Reine (President, Louisiana AFL-CIO)
LABI has been tracking the movements of the Task Force. The Task Force released their recommendation on November 1, 2016. On December 12, 2016, LABI hosted Louisiana Department of Revenue Secretary Kimberly Robinson and several members of the Task Force, including Bill Potter from Postlethwaite and Netterville, Jason DeCuir from Ryan, and Robert Travis Scott from the Public Affairs Research Council. Their individual presentations, explaining how the Task Force settled on their recommendations, can be found on LABI's website. These presentations include information on the following:
- Traditional Louisiana revenue sources
- Estimated state revenue for 2017
- Current Louisiana tax revenue sources
- Recommendations made by the committee on the subject of sales tax, corporate income tax, property tax, individual income tax
- And more.
I find the budget issues, along with proposed solutions, to be very important for all Louisiana residents and businesses. I intend to follow the Task Force and their recommendations, and I encourage you to, as well. Thanks to LABI for putting on this event.
"What I Learned at" is a series in LCIA’s Orange Blog where we provide a recap of LCI and LCIA events. Additionally, our staff will occasionally attend professional development and educational classes. We use this "What I Learned at" blog series to report what we learned to you.