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Tax swap proposal advancing at State Capitol

The House Ways and Means Committee approves legislation that would eliminate the ability to Louisiana taxpayers to deduct taxes paid to the federal government on their state tax returns, but individual income tax rates would drop. House Ways and Means Chairman Stuart Bishop is the author.
“Is this going to fix all of the problems of the tax system in the state of Louisiana, in all honesty, no it’s not, but it’s a step in the right direction,” said Bishop.
Public Affairs Research Council President Robert Travis Scott says there have been studies and non-partisan groups who have suggested for years that Louisiana should eliminate the federal tax deduction and lower the income tax rate. ....

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Tax system revamp for Louisiana is in the works with one overall goal: lowering rates

Tax system revamp for Louisiana is in the works with one overall goal: lowering rates
Mark Ballard
Though facing a nearly $1 billion revenue shortfall, a number of state lawmakers are putting together legislation that would restructure how Louisiana taxes people and businesses with an overall goal of lowering rates on income taxes.
Political leaders have been talking about the need for revamping the state s tax system for decades. But legislators some working independently, others working in a team say this year s efforts could succeed at changing the archaic structure of high initial rates but low collections because of myriad breaks and exemptions. ....

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