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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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