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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 ...
Louisiana lawmakers began debating bills Thursday that would revamp the state's tax code by lowering income taxes for all workers while adding sales taxes to services not currently taxed and ...
(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 ...
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.
Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
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 ...
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