LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SCR 39 SLS 24RS 2300
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 31, 2024 1:00 PM Author: CATHEY
Dept./Agy.: Legislature
Subject: Study Property Valuation for certain non-resident companies Analyst: Deborah Vivien
TAX/AD VALOREM EN NO IMPACT See Note Page 1 of 1
Provides for a study on the distribution of certain ad valorem taxes.
Current law attributes the assessed value of movable property owned by companies that are not residents of or domiciled in
Louisiana and have no agent or office in the state to East Baton Rouge Parish.
Proposed concurrent resolution creates the Commission on Equitable Distribution of Certain Ad Valorem Taxes to study and
make recommendations concerning the equitable distribution of the valuation of movable property owned by companies that
are not residents or domiciled in Louisiana and have no agent or office in Louisiana. The eleven-member Commission will
consider allocation methodology and timelines along with tax billing and distribution responsibilities, including expense
reimbursement. Members shall be designated by 7/31/24, first meeting must occur by 9/30/24, and the report must be
submitted to the legislature by 3/31/25. The commission terminates on the earlier of report submission, or 6/30/25.
Members are not compensated but may receive a per-diem or expense reimbursement from their designating organizations.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
The 11 members are the District 33 Senator as chairman, three Senators appointed by the President, four Representatives
appointed by the Speaker, and one member each appointed by the Policy Jury Association of Louisiana, Parish Presidents of
Louisiana Association, and LA Sheriffs’ Association.
The eight legislative members will receive per diem and travel expenses. Should the meetings occur on days that do not
otherwise warrant a legislative per diem or travel expenses, the current legislative per diem of $179 ($166 plus the cost of
related benefits of $13, which is 7.65% FICA tax) plus travel expenses would be paid. For the eight legislative members, the
daily per diem cost would be about $1,432 ($179 X 8 members). The resolution does not specify how many meetings must
take place.
The staff of the Senate Revenue & Fiscal Affairs Committee will provide support.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Legislative Fiscal Officer