Who pays? A look at tax bills in this year's legislative sessions

BATON ROUGE (AP) — ere’s a look at bills that passed and those that failed to win support (revenue figures are estimates):

Bills sent
to the governor
—Lessen the tax break for homeowners and renters who are charged an assessment on their property insurance to cover debts of the state-run Louisiana Citizens Property Insurance Corp. Currently, the rebate is 72 percent of the Citizens assessment charged on property insurance bills. That drops to 25 percent, retroactive to Jan. 1. Revenue raised: $17 million for the financial year that begins July 1 and $139.6 million over five years. House Bill 25.
—Change the calculation of interest on tax overpayments, beginning with refunds claimed on or after July 1. Revenue raised: $16.3 million in state general fund money for the financial year that begins July 1 and $94.3 million over five years. House Bill 29.
—Increase the annual tax on certain health care organizations known as HMOs from 2.25 percent to 5.5 percent. Revenue raised: $157.4 million in the financial year that begins July 1 and more than $600 million over five years. House Bill 35.
—Increase a tax credit for HMOs. Revenue lost: $1.3 million in the financial year that begins July 1 and another $1.3 million the following year. House Bill 24.
—Address a Louisiana Supreme Court ruling that could have manufacturers lessen their tax payments to state and local governments. No revenue estimated to be raised or lost. The bill is aimed at keeping the status quo that was in place before the ruling. House Bill 27.
—Change the method for calculating corporate income taxes for certain industries. Revenue raised: Uncertain. House Bill 20.
Bills
that failed
—ncrease the state individual income tax for the 23 percent of taxpayers who itemize deductions on their personal income tax forms, by cutting the percentage or type of federal excess itemized deductions they can deduct. House Bills 11 and 38.
—Increase the state individual income tax on people with taxable income of $17,500 or more, by changing the middle and upper income brackets for calculating the tax. House Bill 40.
—Make across-the-board cuts to a list of tax break programs. House Bills 31, 32 and 34.
—Delay the statewide vote on a proposal to rewrite Louisiana’s corporate tax laws until 2017.
—Increase the amount of a state tax credit for the working poor, called the Earned Income Tax Credit. Senate Bill 7.
—Eliminate the state tax deduction for federal income taxes in exchange for a lower, flat individual tax rate. House Bills 7, 17 and 33.
Revenue estimates sources: Legislative Fiscal Office, House Fiscal Division and Senate Fiscal Services.