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Louisiana State Legislature Legislative Law Table of Form

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Louisiana State Legislature Legislative Law Table of Form

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well the special tax reform session barrels on this week the Louisiana legislature Advanced a bill that would provide for an income tax cut for all workers in the state there is concern over how the state will make up the Lost Revenue Capital reporter Shannon Heck breaks down the debate for us one of the major bills that are part of the governor's tax reform package passed out of the house today which is one of the first major hurdles that these bills have had to face so far this bill would provide for a major income tax cut for everyone across the state but many legislators are still concerned about how that lost revenue is going to be made up House Bill one in the special session would change the tiered individual income tax system to a flat 3% there are some concerns over the cut taking away $1.3 billion in Revenue which the tax plan would make up for through expanding the sales tax that will be done through making the 045 tax permanent adding digital Goods to the sales tax

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Louisiana State Legislature Legislative Law Table of Form

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