tax credits

Louisiana homeowners can now get a $10,000 tax credit if they install a fortified roof on their home. Lawmakers passed, and Gov. Jeff Landry signed Act 404, which created the individual income tax credit. The law went into effect earlier this month.

A new law gives economic development officials more power to change the state’s film tax credit program.

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.

The special session on tax reform is expected to wrap up Friday after lengthy negotiations over the last two weeks.

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.

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.

‘Hollywood South’ faces uncertain future under proposed tax revamp.

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.

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.

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?