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LA Rev Stat12142 1 RS 12142 1Dissolution by Form

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police Louisiana lawmakers are once again taking a look at doing away with state income tax but before legislation can be brought to the table they're researching how funds can be made up elsewhere the individual income tax makes up about 4 billion of the 39 billion dollar budget lawmakers are suggesting taking a closer look at property and sales taxes but Financial analysts are urging caution we're seeing really high Revenue we know it's probably going to come down we have we have hurricane recovery we have a lot of federal money being dropped in we know it's going to come down so it just cautioned you because you're tempted to to cut just keep in mind that we have a far way to fall at this point with the next legislative session being a fiscal year it's a chance for the legislature to make changes to revenue sources the study commission expects to meet several more times to learn if the income tax removal will be feasible

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