Page 8 - Neil Riser News Today

One of the most dangerous parts of a hurricane is the storm surge. Sea levels rise and can cause major destruction. One Louisiana treasure protecting communities from storm surge is the swamps. The wetlands, though are dying and now the race is on to preserve cypress marsh before the next big storm hits.

Central pieces of tax swap plan stalled in Louisiana House MELINDA DESLATTE, Associated Press FacebookTwitterEmail FILE - In this April 12, 2021 file photo, Sen. Katrina Jackson, D-Monroe, talks with Stuart Bishop, R-Lafayette, chairman of the House Ways and Means Committee, during opening day of the Louisiana legislative session in Baton Rouge, La. Republican House leaders planned to try again Thursday, May 20 to pass a complicated income tax swap that is the centerpiece of a bid to overhaul ...

Louisiana lawmakers nix gas tax hike but advance plan to extend sales tax Mark Ballard BATON ROUGE -- Saying something must be done to find the money to fix the states crumbling highways and dangerous bridges, the Louisiana Houses tax-writing committee rejected the latest effort to increase the tax on gasoline but advanced a bill that would extend the temporary sales tax increase. On an 8-8 vote late Tuesday night, the House Ways & Means Committee sidelined House Bill 615. The measure started...

how rather than the how much. If enacted separately, each of the proposed major changes would raise that overall score to 40th, getting Louisiana (barely) out of the bottom 10. If all the proposed changes were implemented, Louisiana would improve to 34th. The proposed changes are: Lowering individual income tax rates; Establishing a flat corporate income tax of 6 percent; Repealing the corporation franchise tax; Eliminating inventory from the property tax base; and Centralizing sales tax colle...

BATON ROUGE, La. – The Louisiana House endorsed a pair of bills Monday that would cut tax rates for some corporations while eliminating a major corporate tax break for paying federal income taxes. The tax swap is part of a broader effort to simplify and streamline the state’s tax structure and would decouple state tax policy from the federal government’s, though some lawmakers said they were concerned about raising taxes on smaller companies. House Bill 292 by Rep. Neil Riser, R-...

Edwards signaled the announcement on his monthly radio show Wednesday on WRKF. State Rep. Neil Riser, a Republican from Columbia, said the biodiesel plant "is a huge, dynamic project that weve been working on for two years." He gave credit to Edwards for signing off on the project by directing millions in federal money toward the deal. "This is a project on a scale that weve never had in Caldwell Parish and may never have again," said Riser, who said the total investment will be about $1 billi...

Originally published on April 15, 2021 1:12 pm TAX REFORM RESISTANCE?  — Republican state legislators are attempting to rewrite Louisiana’s complex corporate tax laws. Yesterday two measures, House Bills 292 and 293, both sponsored by state Rep. Neil Riser, R-Columbia, would assess corporations a flat 6% income tax rate while no longer permitting them to deduct their federal tax payments  on their state income tax returns. Riser told the Louisiana House Ways and Means committee that his...

tax bills got out of committee with relative ease, day three of the Louisiana Legislature’s fiscal session demonstrated how complicated and politically difficult lawmakers’ promised tax overhaul may get. Lawmakers have said they want to eliminate or reduce the cost of the state’s many tax breaks while lowering tax rates. They said they want to create a less complex system that is easier for taxpayers to navigate, doesn’t “pick winners and losers” and collects about...

Effort underway to lower income taxes in Louisiana -- but at a cost; heres the proposal Tyler Bridges A complicated tax swap that would eliminate a popular deduction in exchange for lowering income tax rates passed its first step when it won approval from a Louisiana Senate committee Tuesday. But it still has a long road to travel before it can become law, which would ultimately require a vote by the people. Senate Bill 159, approved by the Senate Revenue & Fiscal Affairs Committee, is part ...

by David Jacobs, The Center Square  | April 15, 2021 11:00 AM Print this article A day after two major tax bills got out of committee with relative ease, day three of the Louisiana Legislature’s fiscal session demonstrated how complicated and politically difficult lawmakers’ promised tax overhaul may get. Lawmakers have said they want to eliminate or reduce the cost of the state’s many tax breaks while lowering tax rates. They said they want to create a...