taxes

Louisiana economy struggles with reliance on oil and tourism, analysis shows

BY: - July 28, 2021

Despite historic declines at the beginning of 2020 as the novel coronavirus spread and slowed the economy, tax revenues for most states rebounded by the end of the year to near pre-pandemic levels — but not for Louisiana. An analysis released Monday by Pew researchers sheds light on how Louisiana’s reliance on oil and tourism […]

Tax-swap package now left to Louisiana voters

Tax-swap is now left to Louisiana voters as John Bel Edwards signs legislation

BY: - June 22, 2021

Gov. John Bel Edwards on Monday signed the tax-swap package of bills that, if approved by Louisiana voters, will repeal the federal tax payment deduction allowed on state income tax returns in exchange for lower state tax rates for individuals and corporations. The legislation will only take effect if residents vote in favor of a […]

Gov. Edwards will likely approve early end to unemployment supplement

Gov. Edwards will likely approve early end to $300 unemployment supplement

BY: - June 11, 2021

Louisiana lawmakers on Thursday made a late-hour deal on legislation to discontinue the $300 federal unemployment supplement that the state provides out-of-work residents in exchange for raising the state’s regular unemployment benefits by about $28 per week. The bill heads to Gov. John Bel Edwards, who indicated he would likely sign it into law. House […]

Pink tax bill passes Louisiana Legislature

‘Pink tax’ exemption heads to Gov. Edwards for approval

BY: - June 10, 2021

The Louisiana Legislature passed the so-called “pink tax” exemption bill on Thursday, proposing a state sales tax exemption on feminine hygiene products and diapers. The bill heads to Gov. John Bel Edwards for consideration. The final passage of House Bill 7, authored by Rep. Aimee Freeman (D-New Orleans), marks a new step for pink tax […]

Tax reform proposal heads to La. voters

Tax swap package heads to Louisiana voters and Gov. Edwards

BY: - June 10, 2021

Louisiana voters will get to choose this fall whether they want to give up their ability to deduct their federal income tax bills from their state income taxes in exchange for a lower state tax rate. The Louisiana Legislature approved a proposed constitutional amendment Thursday that will be placed on the Oct. 9 ballot. If […]

Governor signs orphan well tax exemption into law

Lawmakers hope ‘orphan’ well tax exemption will resolve ongoing problem in oil industry

BY: - June 10, 2021

Lawmakers on Wednesday approved legislation that would establish a program to help fix “orphan” oil wells by offering a tax exemption on oil produced from abandoned wells that are reworked to produce again. While it may resolve the ongoing problem of leaky unsealed wells across Louisiana, one critic pointed out that the legislation simply gives […]

Centralized sales tax commission approved by lawmakers

Louisiana lawmakers approve centralized sales tax commission

BY: - June 3, 2021

The Louisiana Legislature passed a tax reform bill Thursday that could eventually lead to the establishment of a centralized sales tax commission to replace the state’s currently fragmented system of collections. The Senate voted 37-0 to adopt House Bill 199, sponsored by Speaker of the House Clay Schexnayder. The legislation is a proposed constitutional amendment, […]

Tax reform would reduce tax rates and enact tax cut triggers

Louisiana’s tax reform would reduce tax rates and enact triggers for future tax cuts

BY: - June 1, 2021

A tax reform package that has already cleared the Louisiana House advanced out of the Senate Revenue and Fiscal Affairs Committee Monday proposing to reduce individual income tax rates while repealing deductions for federal taxes paid and enacting triggers for future tax cuts. House Bill 278, co-authored by Sen. Bret Allain and Rep. Stuart Bishop, […]

Pink tax bill passes Louisiana Legislature

‘Pink tax’ exemption on tampons and diapers passes House

BY: - May 26, 2021

The so-called “pink tax” exemption bill, which would establish a state sales tax exemption on feminine hygiene products and diapers, passed the Louisiana House on Tuesday and was ordered to the Senate for consideration. House Bill 7, authored by Rep. Aimee Freeman (D-New Orleans), passed in a 62-32 vote with no debate on the House […]

Tax-swap package now left to Louisiana voters

House passes bill that would hide corporate tax break data from the public

BY: - May 24, 2021

House lawmakers on Thursday voted 59-38 for a bill that would change the public records law to allow the state economic development agency to hide certain corporate tax incentive records from the public.  House Bill 456, sponsored by Rep. Rick Edmonds (R-Baton Rouge), proposes to make an exception to Louisiana’s public records law for certain […]

Tax-swap package now left to Louisiana voters

Major tax reform legislation passes House after failing the night before

BY: - May 20, 2021

House lawmakers on Thursday passed a major tax reform bill that had failed to gain enough votes the night before. House Bill 274, sponsored by Rep. Stuart Bishop (R-Lafayette), is a proposed constitutional amendment that would create new income tax rates and get rid of the law that lets residents deduct from their state tax […]

Tax reform would reduce tax rates and enact tax cut triggers

Tax reform legislation fails to win enough votes in the Louisiana House

BY: - May 19, 2021

A major tax reform measure that proposed new income tax rates and a repeal of the federal income tax deduction on individual state tax returns did not get enough votes in the Louisiana House Wednesday. The bill’s sponsor, Rep. Stuart Bishop (R-Lafayette) said he will try again to pass it as soon as Thursday.. House […]