Gov. Jeff Landry reveals details about his plan to overhaul the state tax code. The proposal would entail the most sweeping set of changes to Louisiana's tax structure in 50 years.
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Gov. Jeff Landry wants to enact the most sweeping overhaul of Louisiana’s tax system in 50 years next month, with a series of changes which he said Tuesday would revitalize a state that has not kept up with neighbors in population or economic growth. Landry’s plan would cut corporate and individual income taxes while raising more revenue from sales taxes — all of which he wants state legislators to approve during a special session between election day on Nov.
5 and Thanksgiving. Other parts of Landry’s package would first require legislative approval in November, then voter approval in March to change the state constitution. Speaking to reporters at the Capitol, Landry emphasized the sugar in his plan — income tax cuts for everyone — without mentioning the bitter: preserving a 0.
45-cent sales tax that the governor’s legislative allies in the House have said should be allowed to expire as scheduled next year and eliminating a controversial tax break for movie production. Secretary of Revenue Richard Nelson, the point person on the tax package, disclosed in an interview following the press conference that the governor wants to renew the temporary sales tax. Not renewing it would cost the state $450 million next year and co.
