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For businesses, the corporate income tax rate will drop from 7.5% to a flat 5.5%, and the state franchise tax will be eliminated entirely. Originally, Landry's plan proposed a rate of 3.5%.
An extra tax exemption for first responders will decrease the tax revenue available to school systems and other local agencies, many of which won’t have a say on whether to enact the exemption ...
The biggest culprits creating what Nelson has described as the "fiscal cliff" are the expiration of a 0.45% temporary sales tax that generates $455 million in annual revenue and the expiration of ...
In 1944, The Louisiana Office of Veterans Affairs was created to provide local services to Louisiana Veterans and their families. In 2003 the Louisiana Department of Veterans Affairs (LDVA) was established as a cabinet-level department of the State of Louisiana to provide service to Louisiana's Veterans and their families with regard to healthcare, education, disability benefits, long-term ...
At a discussion in February 2013 in DeRidder; Fleming, a military veteran, stated he would not vote to allow the government to cut $600 million from the defense budget. [109] Fleming was well known to be a supporter of the military and its personnel and the need to reverse the devastating cuts since the Budget Control Act of 2011 was implemented.
Traditionally, after a federal budget for the upcoming fiscal year has been passed, the appropriations subcommittees receive information about what the budget sets as their spending ceilings. [2] This is called "302(b) allocations" after section 302(b) of the Congressional Budget Act of 1974. That amount is separated into smaller amounts for ...
Louisiana taxpayers will have to wait at least another year before lawmakers consider eliminating the state's $4.5 billion income tax again. Republican Columbia state Rep. Neil Riser's House Bill ...
Democratic House Minority Leader Rep. Matthew Willard indicated the benefits of this tax cut, which would cost the state more than $500 million in annual revenue, would go to the shareholders of ...
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related to: louisiana state fiscal year dates for military veterans tax exemptionStellar Choice For Taxpayers - TopTenReviews