2015 State Fiscal Session Opens
The 2015 Session of the Louisiana Legislature opened April 13 and must end by June 11. This year’s two-month fiscal session will be Fast and Furious, with 1200 bills pre-filed that will be considered in the process, with more to come. Most of the bills deal with budget and tax matters, and will prove to be contentious. The Northshore Legislative Alliance (NLA) is undergoing its preliminary bill review and will be tracking about 50 of particular interest to the local business community.
The dominant issue of the Session is the budget, with lawmakers trying to fill a billion plus budget hole, through a variety of mechanisms, some reducing expenditures and others raising revenues. Prior to Session, NLA identified coastal protection and higher education as two areas of high priority, while maintaining a competitive business climate. As the Session gets underway, we will advocate accordingly on behalf of the five NLA business groups that include the Northshore Business Council, the East/West St. Tammany Chambers, Greater Hammond Chamber and the St. Tammany Economic Development Foundation.
The weekly legislative updates will recap bills of high interest that are moving, and forecast legislative action for the week ahead, with grassroots “call to action” when necessary! These updates will keep you informed on our efforts as your voice of business, as well as the action steps planned by NLA members and our advocate, Dino Paternostro. More information about specific legislation and capitol scheduling can be found on the state website at www.legis.state.la.us.
THE WEEK AHEAD:
Constitutional amendment to exempt from ad valorem property taxes inventory held by manufacturers, distributors, and retailers and to prohibit adjustment of millages because of the implementation of the exemption.