Search results
Results from the WOW.Com Content Network
In Mississippi, the Republican-led House on Thursday passed and sent to the Senate legislation that would gradually eliminate the income tax, reduce the sales tax on groceries and partially offset that by raising local sales taxes and gas taxes. New income tax cuts recently enacted in Louisiana also are being partially offset by a sales tax hike.
A vote for would: Tighten the rules on allowed use of a seven-year-old state trust fund that collects dollars from corporate tax collections and oil and gas production in Louisiana.
The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
He also noted that simplifying Louisiana's complex tax code would reduce compliance costs, particularly for small businesses. Many of the measures are tied to House Bill 7, which includes ...
Major changes are coming to Louisiana in 2025—from voting rules to tax overhauls and consumer protections. Find out what’s new and how it affects you! How Louisiana’s new 2025 laws will ...
Value added tax or VAT, (in Italian Imposta sul valore aggiunto, or IVA) is a consumption tax charged at a standard rate of 22 percent, which came in on 1 July 2013 (previously 21 percent). The first reduced VAT rate (10 percent) applies to water supplies, passenger transport, admission to cultural and sports events, hotels, restaurants and ...
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.
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 ...