Top News

Louisiana may see sales tax hike

By Christopher Tidmore
Contributing Writer

To plug Louisiana’s $1.6 billion deficit, the budget fixes proposed in this year’s legislative session can best be called “confused.” Seemingly contradictory bills are coming to the floor to limit popular rebates, like the film and inventory tax credits in ways that are often at odds with one another. However, a proposal by State Senate President John Alario to substantially raise sales taxes in exchange for cutting the Corporate Franchise Tax is quietly being whispered as a potential solution. And, more radical tax swaps may be on the way.



Featured Video

Archives