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Other changes include a doubled retirement income tax exemption for seniors, raising the threshold from $6,000 to $12,000, and the application of sales taxes to digital goods and services.
(The Center Square) — Increased sales taxes could worsen Louisiana's already high insurance premiums To make up lost revenue from the proposed income tax cut, the Legislature is proposing to ...
BATON ROUGE, La. (AP) — 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 ...
Nearly all jurisdictions provide numerous categories of goods and services that are exempt from sales tax, or taxed at reduced rates. The purchase of goods for further manufacture or for resale is uniformly exempt from sales tax. Most jurisdictions exempt food sold in grocery stores, prescription medications, and many agricultural supplies.
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.
A sales tax is a tax paid to a governing ... Louisiana, the tax is ... Jurisdictions with no sales tax or broad exemptions for certain types of business operations ...
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