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Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted ...
Louisiana lawmakers on Thursday postponed a vote on a key bill in Gov. Jeff Landry's sweeping and complex tax reform package. Most of Landry's proposed bills, granting approximately $2 billion in ...
(The Center Square) — Louisiana lawmakers have finalized a sweeping overhaul of the state's tax system, passing a package of reforms aimed at reducing income taxes, increasing sales taxes, and ...
A sales tax is a tax paid to a governing body for the sales of certain goods and services. ... Louisiana, the tax is 9.45%, which is 4.45% state & 5% local. [16]
There is no sales tax on food items, but prepared meals purchased in a restaurant are subject to a meal tax of 6.25% (in some towns voters chose to add a local 0.75% tax, raising the meal tax to 7%, with that incremental revenue coming back to the town). Sales tax on liquor was repealed in a 2010 referendum vote.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
But to offset the loss of income tax revenue Landry is proposing making permanent a 0.45-cent sales tax set to expire in 2025 and adding sales tax to hundreds of services like car washes ...
In 2030, the state sales tax will be reduced to 4.75%. The state's current sales tax stood at 4%, along with a temporary 0.45% sales tax that had been set to expire next year. Louisiana already had the highest combined state and average local sales tax in the country at 9.56%, according to the Tax Foundation.
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