by David Jacobs, The Center Square | June 04, 2021 01:00 PM Print this article
The Louisiana Legislature voted Thursday to create a single statewide board to oversee state sales tax collection, though voter approval and more legislation still are needed.
The House and Senate both gave final passage to Speaker Clay Schexnayder s House Bill 199, a proposed constitutional amendment to create the State and Local Streamlined Sales and Use Tax Commission. Amending the state constitution requires the support of at least two-thirds of the members of both chambers and a majority of voters but not the governor’s signature.
Louisiana is one of only three states without a centralized sales tax collector. Local officials have collected local taxes. They have argued doing so ensures they get their revenue in a timely manner and can spend the money they way local taxpayers and voters want it spent.
La House advances bills to lower income tax rates, cut tax breaks
ktbs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktbs.com Daily Mail and Mail on Sunday newspapers.
Competing bills to lower income tax rates, cut tax breaks move forward
neworleanscitybusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neworleanscitybusiness.com Daily Mail and Mail on Sunday newspapers.
Effort underway to lower income taxes in Louisiana but at a cost; here s 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 of a package of bills sought by the legislative leadership that would no longer allow individuals and corporations to subtract their federal income tax payments on their state income tax returns. In exchange, individuals and corporations would be assessed lower tax rates.