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LA HB656
Bill
Status
4/23/2025
Primary Sponsor
Edmond Jordan
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AI Summary
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Repeals the scheduled reduction of the 1% state sales tax levy (R.S. 47:321.1) to 0.75% that was set to occur January 1, 2030, making the 1% rate permanent
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Establishes the Teacher Compensation Fund as a special fund in the state treasury to receive 25% of the avails collected from the R.S. 47:321.1 sales tax levy
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Directs fund monies to be appropriated to the Minimum Foundation Program to provide $2,000 pay raises for teachers and $1,000 pay raises for support staff, plus associated employer retirement contributions
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Interest earned on fund investments and unexpended monies at fiscal year end remain in the fund
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Becomes effective upon signature by the governor or lapse of time for gubernatorial action
Legislative Description
Repeals the reduction in the state sales and use tax rate and dedicates a portion of the avails of the state sales tax to fund teacher pay raises (EG -$276,800,000 GF RV See Note)
TAX/SALES & USE
Last Action
Read by title, returned to the calendar.
6/9/2025