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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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Lawmakers adjourned early Monday after they failed to reach a consensus on what should be taxed, as Gov. Jeff Landry attempts to overhaul the state’s tax code.
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‘Hollywood South’ faces uncertain future under proposed tax revamp.
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The House continued Wednesday to revamp the state tax system, passing bills to cut business tax rates, eliminate credits for movie-making and historic preservation and, for the first time, tax personal use digital music, video games, audiobooks and movies.
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Updates to SNAP, TANF and the Child Tax Credit have helped families in the Gulf South, but not everyone has been able to access the improved benefits.
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Experts hail increases to federal funding for low-income families — like the Child Tax Credit and increases in SNAP benefits — as historic. But did they leave recipients better off?
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Late last year, the American Can Apartments delivered eviction notices to many low-income tenants. The 268-unit complex near Bayou St. John had dozens of…
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A new national report has some suggestions for Louisiana lawmakers struggling to balance the state budget. The Pew Charitable Trusts found that sharing…