In a recent discussion, Jason DeCuir from Advantus Consulting joined Brian Haldane to talk about various topics, including the frequent occurrences of alligator attacks, particularly in golf courses and resorts around Orlando, Florida. The conversation then transitioned to legislative updates, focusing on several bills moving through the process. Jason provided a quick update on constitutional amendments, noting that tax issues are currently taking a back seat to debates on carbon capture and insurance reform.
He highlighted that five pieces of legislation related to CA. 2 are progressing, with the most advanced being a constitutional amendment allowing parishes to exempt inventory from taxes. Other budget-related bills, such as severance pay and teacher-related elements, are still in the House but are moving forward. One notable bill discussed was by Representative Willard, which aims to increase the homestead exemption, allowing parishes to decide whether to implement the increase. This bill could significantly impact local governments' ability to manage property taxes and potentially create competition between parishes. Jason also mentioned bills by Representative McMakin and Representative Young that would exempt income tax on NIL deals, and another bill proposing no income tax on tips and overtime for restaurant workers. Brian expressed support for incentivizing hard work and rewarding extra effort, though he acknowledged the complexity of separating tips and overtime on paychecks. The conversation then shifted to excise taxes, with Representative Brass proposing an increase on vape products from $0.15 to 33% of the invoice price. Jason explained that excise taxes are typically applied to "sin products" like cigarettes and alcohol, aiming to discourage usage while generating state revenue.
Finally, the discussion touched on mobile sports betting, with proposed increases in tax rates potentially making it less convenient and affordable in Louisiana. Brian noted that mobile sports betting apps have firewalls to prevent usage in prohibited areas, ensuring compliance with local regulations. Overall, the conversation covered a range of legislative topics, highlighting the potential impacts on local governance, taxation, and industry-specific regulations.