The Louisiana Legislature failed to pass HB 12 just 1 minute prior to the expiration of the 2nd 2018 Special Session.
In part the bill would have levied a 2% sales tax on business utilities and would have levied .5% of the 1% clean penny effective July 1, 2018. It creates the potential for another special session before June 30th. It was expected to generate approximately $641 million dollars and had a 2025 sunset provision. Even if enacted, it would have retained the exemption for Farm Equipment, Manufacturing Machinery/Equipment and separately stated installation charges. This bill initially failed on a vote around 11:35pm and soon after HB27 (similar to HB12 but with a .33 of the 1% clean penny) experienced the same fate. Then just prior to the midnight deadline there was an effort to bring HB12 for reconsideration but the time ran out. For more details what this means for your business email email@example.com