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Republican Gov. Jeff Landry got the Louisiana Legislature to back his bet of lowering individual and corporate income taxes to stimulate growth in the state.
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The special session on tax reform is expected to wrap up Friday after lengthy negotiations over the last two weeks.
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The goal of the session is to lower personal and corporate income tax rates and make Louisiana a more attractive place to live and do business. But the decrease in revenue for the state budget means sales taxes on more goods and services must be implemented and or raised.
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Louisiana Gov. Jeff Landry has called the Legislature into a special session to make a deal on tax reform, according to a proclamation issued Saturday.
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Louisiana’s legislature is about three weeks away from the start of a fiscal session. For two months, lawmakers will debate tax policies in the state....