Governor Jeff Landry’s tax plan to lower income taxes for most Louisianans is being debated in the Special Session and during discussion on a bill to create a flat three-percent income tax, State Representative Matthew Williard, a Democrat from New Orleans, says Landry’s plan does not provide substantial tax savings for low-income workers…
Louisiana Revenue Secretary Richard Nelson countered Williard’s argument by saying the proposed tax changes would improve the state’s economy if enacted as it will attract more jobs to Louisiana…
The House Ways and Means Committee approved the bill to reduce the personal income taxes on a 15 to 3 vote.
Lawmakers have until November 25th to consider Governor Landry’s tax overhaul proposal
One component of the proposal is to make optional the inventory tax – taxes imposed on companies on their inventory stockpiles. Chalmette Representative Mike Bayham notes many parishes rely on that tax.
Cut 8 (17) “…middle class people.”
Louisiana breathes a sign of relief with reports that Hurricane Rafael is no longer expected to make landfall in the Bayou State. The National Hurricane now says he is headed towards the Bay of Campeche. LSU Public Health Climatologist Barry Keim says there’s still great uncertainty where the storm will ultimately go, if anywhere at all.