The tax reform special session ended Friday and tax changes will take place on January 1st. Starting on the first day of 2025, Louisiana’s graduated individual income tax system, which has a top rate of 4.25 percent, will go to a single three-percent rate.
To pay for the tax cut, the state’s sales tax will go from 4.45 percent to five percent. The state’s sales tax is set to drop to 4.75 percent in 2030. Invest Louisiana director Jan Moeller is not a fan of this plan…
Cut 11 (11) “…them are temporary”
Governor Jeff Landry originally proposed to tax 41 services that are currently not taxed, but that bill did not pass. Daniel Erspamer, with the Pelican Institute, says the debate over sales taxes is not over yet…
Cut 13 (12) “…up in April”
A regular fiscal session will begin on April 14th.
Families are preparing for the big Thanksgiving feast. According to the American Farm Bureau Federation, a classic dinner that includes eleven main items will not break the bank…
Cut 4 (11) “….was last year”
Louisiana Farm Bureau spokesperson Avery Davidson says the low cost is spurred in large part by a drop in the price of turkeys. Davidson says a frozen 16 pound turkey should cost you around 15-dollars.
After a 20-year hiatus, Northwestern State University is resuming its rodeo program. N-S-U had a rode program from the early 1960s through to mid-90s but cuts to academic programs made it difficult recruit students. Currently the team has two members, including McKenzie Davis, an accounting major from Pollock…
Cut 8 (09) “….back to Northwestern”