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Baton Rouge / louisianaradionetwork.com
Apr 21, 2021 1:26 PM
The House Ways and Means Committee advances a proposal that would eliminate the state’s income tax on residents and a tax on businesses known as the corporate franchise tax. Mandeville Representative Richard Nelson says to make up for an estimated four billion dollars in lost revenue, local governments can raise property and sales taxes.
“I think people can say hey look I understand I’ll pay a little bit more property tax at the same time if I’m going to pay a 0% personal income tax rate,” said Nelson.
Currently, a good portion of tax revenue the state collects is re-directed to local governments. ....

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