Louisiana legislation · 2025 Regular Session
Louisiana HB653: TAX CREDITS: Transfers the sound recording investor tax credit program from La. Economic Development to the Dept. of Culture, R
Status: Vetoed, June 20, 2025
TAX CREDITS: Transfers the sound recording investor tax credit program from La. Economic Development to the Dept. of Culture, Recreation and Tourism and extends the duration of the program (EN DECREASE GF RV See Note)
What the bill says
An act To amend and reenact R.S. 47:6023(I), relative to tax credits; to provide with respect to the sound recording investor tax credit; to extend the period in which investors may apply for the tax credit; to provide for applicability; to provide for an effective date; and to provide for related matters.
From the introduced text:
AN ACT To amend and reenact R.S. 47:6023(I), relative to tax credits; to provide with respect to the sound recording investor tax credit; to extend the period in which investors may apply for the tax credit; to provide for applicability; to provide for an effective date; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 47:6023(I) is hereby amended and reenacted to read as follows: §6023. Sound recording investor tax credit * * * I. Termination. No credits shall be granted pursuant to the provisions of this Section for applications received on or after July 1, 2025 2030. Section 2. The provisions of this Act shall apply to taxable periods beginning on or after January 1, 2025. Section 3. This Act shall become effective upon signature by the governor or, if not signed by the governor, upon expiration of the time for bills to become law without signature by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If vetoed by the governor and subsequently approved by the legislature, this Act shall become effective on the day following such approval. Page 1 of CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-1338 ORIGINAL HB NO. DIGEST The digest printed …
Sponsors
- Paula Davis (R) · primary sponsor
- Landry, Mandie (D, 91)
- Fisher, Adrian (D, 16)
- Larvadain III, Ed (D, 26)
- Jackson-Andrews, Katrina (D, 34)
- McMath, Patrick (R, 11)
- Myers, Brach (R, 23)
- Stine, Jeremy (R, 27)
Latest actions
- : Vetoed by the Governor.
- : Sent to the Governor for executive approval.
- : Enrolled and signed by the Speaker of the House.
- : Signed by the President of the Senate.
- : Rules suspended. Read by title, passed by a vote of 32 yeas and 5 nays, and ordered returned to the House. Motion to reconsider tabled.
- : Received from the Senate without amendments.
- : Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
- : Reported favorably. Rules suspended. Read by title and referred to the Legislative Bureau.
- : Read second time by title and referred to the Committee on Revenue and Fiscal Affairs.
- : Read third time by title, roll called on final passage, yeas 89, nays 7. Finally passed, title adopted, ordered to the Senate.
Votes
- Senate Vote on HB 653, FINAL PASSAGE (#652) (June 3, 2025): 32 yea, 5 nay, passed
- Senate Vote on HB 653, CO-AUTHORS (#653) (June 3, 2025): 6 yea, 0 nay, passed
- House Vote on HB 653, FINAL PASSAGE (#459) (May 19, 2025): 89 yea, 7 nay, passed
Common questions
- What is HB653?
- HB653 is a bill in the Louisiana Legislature (2025 Regular Session): TAX CREDITS: Transfers the sound recording investor tax credit program from La. Economic Development to the Dept. of Culture, R.
- What does HB653 do?
- In its own words: An act To amend and reenact R.S. 47:6023(I), relative to tax credits; to provide with respect to the sound recording investor tax credit; to extend the period in which investors may apply for the tax credit; to provide for applicability; to provide for an effective date; and to provide for related matters.
- What is the status of HB653?
- Vetoed as of June 20, 2025. Latest action: Vetoed by the Governor. (June 20, 2025).
- Who sponsored HB653?
- Paula Davis (R), with 7 co-sponsors.
- Where is the official record for HB653?
- On the Louisiana Legislature website: https://legis.la.gov/legis/BillInfo.aspx?s=25RS&b=HB653
Source: official Louisiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.