LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 160 SLS 21RS 374
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 9, 2021 2:05 PM Author: ALLAIN
Dept./Agy.: Revenue
Subject: State Partnership Federal Audit Adjustments Analyst: Greg Albrecht
REVENUE DEPARTMENT EN NO IMPACT GF RV See Note Page 1 of 1
Conforms state partnership reporting adjustments to federal taxable income to current federal partnership audit
adjustments. (gov sig)
Current law requires each partner in a partnership to file an amended state tax return when a federal audit of the
partnership results in a change in the federal tax due, since state tax liabilities are influenced by federal liabilities. A required
state amended return occurs for each partner regardless of whether the partnership elects to handle the federal liability
change at the partnership level or the partner level.
Proposed law will allow the partnership to elect to handle a resulting state liability change at the partnership level rather
than require each partner to file an amended state return. The ability to continue current practice of filing amended returns
by each partner is retained, as well.
Effective upon governor's signature.
EXPENDITURES 2021-22 2022-23 2023-24 2024-25 2025-26 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 2021-22 2022-23 2023-24 2024-25 2025-26 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
Allowing the practice of filing amended returns at the partnership level, due to federal adjustments to the partnership federal
filing, rather than requiring amended returns from each individual partner, should work to reduce the administrative
workload of the Department of Revenue associated with partnership returns. Consequently, resources can be allocated to
other tax return issues.
REVENUE EXPLANATION
The bill does not appear to change tax liabilities, but only the level of organization at which amended state tax returns,
attributable to federal adjustments to partnership filings, are allowed to be filed. Current practice of filing amended returns
by each partner is retained, but the practice of filing amended returns at the partnership level will be allowed by the bill.
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}
Christopher A. Keaton
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


Statutes affected:
SB160 Original: 47:103(A)(2)
SB160 Engrossed: 47:103(A)(2)
SB160 Reengrossed: 47:103(A)(2)
SB160 Enrolled: 47:103(A)(2)
SB160 Act 287: 47:103(A)(2)