Louisiana governor’s tax overhaul faces opposition as lawmakers and lobbyists horse-trade ...Middle East

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BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry is pushing big plans to overhaul the state’s complex tax code to deliver income and corporate tax cuts. But a Senate committee Tuesday introduced significant changes to the sweeping reform package in response to concerns raised by lawmakers, lobbyists and local governments. What does the tax overhaul aim to do? Landry and his allies in the GOP-dominated legislature frame the package as a way to streamline the tax code to make it more business-friendly. They say that reducing corporate income tax and repealing the 0.275% corporate franchise tax — a levy on companies for doing business in the state, worth more than $500 million a

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Last updated : 20 Nov 2024 clock 04:40 AM

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Louisiana governor’s tax overhaul faces opposition as lawmakers and lobbyists horse-trade ...Middle East

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