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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 collections Louisiana lawmakers will be considering a range of tax reform bills, but the primary effort h...

BATON ROUGE — With two weeks of the legislative session complete, Louisiana's Republican legislative leaders have speeded ahead with a rewrite of the state's tax system, but without a clear consensus yet emerging on the precise approach to take. Across the remaining seven weeks of session, lawmakers will have to settle many hefty, high-dollar issues to strike a deal that overhauls a tax structure seen as outdated, overly complicated and unfair. And they may have to snub some powerful special interest groups to make the numbers work. Senate President Clay Schexnayder, House Speaker Clay Sche...

BATON ROUGE, La. (AP) — With two weeks of the legislative session complete, Louisiana's Republican legislative leaders have speeded ahead with a rewrite of the state's tax system, but without a clear consensus yet emerging on the precise approach to take. Across the remaining seven weeks of session, lawmakers will have to settle many hefty, high-dollar issues to strike a deal that overhauls a tax structure seen as outdated, overly complicated and unfair. And they may have to snub some powerful special interest groups to make the numbers work. Senate President Clay Schexnayder, Hous...

by David Jacobs, The Center Square  | April 21, 2021 08:00 AM Print this article The Louisiana Senate approved a possible constitutional amendment Tuesday that would lower the maximum allowable personal income tax rates and remove a major tax break from the constitution. Senate Bill 159 is part of a package of tax-related constitutional amendments legislative leaders in both chambers are pushing. They later may be combined into a single instrument, said Sen. Bret Allain, R-Franklin, who chairs his chamber’s tax policy committee. “Simplicity and predict...

Senate OKs amendment to allow tax cut, tax break swap The Louisiana Senate approved a possible constitutional amendment Tuesday that would lower the maximum allowable personal income tax rates and remove a major tax break from the constitution. Senate Bill 159 is part of a package of tax-related constitutional amendments legislative leaders in both chambers are pushing. They later may be combined into a single instrument, said Sen. Bret Allain, R-Franklin, who chairs his chamber’s tax policy committee. “Simplicity and predictability is what we’re after,” he said. The Louisiana Constit...