Provides relative to industrial hemp research (OR INCREASE GF EX See Note)
Impact
The passage of HB 395 is poised to have significant implications for state laws regarding industrial hemp. By explicitly allowing McNeese State University to cultivate, handle, and process industrial hemp for research purposes, the bill supports the development of new hemp varieties and applications. Additionally, it carries provisions that exempt McNeese State from licensure requirements and criminal penalties that typically apply to hemp producers, thereby allowing for a more streamlined research process. This change aims to facilitate innovation in hemp-derived products and promote academic exploration in this emerging field.
Summary
House Bill 395, introduced by Representative Romero, focuses on permitting McNeese State University to conduct research on industrial hemp, a subject of increasing importance in agricultural innovation. The bill amends existing state laws to add McNeese State to the list of educational institutions authorized to engage in industrial hemp research, alongside the Louisiana State University Agricultural Center and Southern University Agricultural Center. This expansion reflects a growing recognition of industrial hemp's potential benefits in various industries, including agriculture, textiles, and biofuels.
Sentiment
The sentiment surrounding HB 395 appears largely positive, with general support from agricultural and academic communities that see value in expanding research opportunities. Stakeholders recognize that enhancing research capabilities can contribute to both economic growth and the sustainability of the agricultural sector in Louisiana. While there may be concerns regarding regulatory frameworks, the overarching sentiment is in favor of supporting educational institutions in their pursuit of agricultural research.
Contention
While there doesn't seem to be significant opposition to the bill itself, there are broader discussions in the state about regulatory frameworks around hemp production and its subsequent commercialization. Some local entities may be wary of potential overreach in regulation or the social implications of hemp legalization. Nonetheless, the bill primarily seeks to empower educational research and development without imposing heavy restrictions, which has contributed to its relatively smooth passage through legislative discussions.
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Industrial Hemp: other; cross-references to industrial hemp research and development act within the industrial hemp growers act; amend. Amends secs. 103, 211, 303 & 307 of 2020 PA 220 (MCL 333.29103 et seq.). TIE BAR WITH: SB 0599'25
Industrial Hemp: other; cross-references to industrial hemp research and development act within the industrial hemp growers act; amend. Amends secs. 103, 211, 303 & 307 of 2020 PA 220 (MCL 333.29103 et seq.). TIE BAR WITH: HB 4964'25
Industrial Hemp: other; cross-references to industrial hemp research and development act within the industrial hemp growers act; amend. Amends secs. 103, 211, 303 & 307 of 2020 PA 220 (MCL 333.29103 et seq.). TIE BAR WITH: HB 5040'25
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.
AN ACT to create and enact a new section to chapter 54-17 of the North Dakota Century Code, relating to a research technology park grant program; to provide an appropriation; and to provide for a report.
AN ACT to amend and reenact sections 54-17.5-01, 54-17.5-02, 54-17.5-03, 54-17.5-04, and 54-17.5-06 of the North Dakota Century Code, relating to the appointments, operations, and powers of the lignite research council, the powers of the industrial commission, and public record exemptions.