TAX/SALES & USE: Repeals one percent of the state sales and use tax levy (OR DECREASE GF RV See Note)

HB 334 repeals Louisiana's R.S. 47:321.1, a specific sales tax provision related to tax collections. This bill removes language from existing tax law that previously designated how certain tax revenues were allocated, specifically excluding monies collected under R.S. 47:321.1 from revenue streams for the Bond Security and Redemption Fund (as noted in §318). The repeal does not change tax rates, create new exemptions, or affect how most businesses or consumers pay sales tax. It primarily corrects outdated references in tax code to align with current practices, with no direct impact on taxpayers or new policy changes.