Donation Toward State Debt Bill Rejected By Louisiana House

BATON ROUGE (AP) — People won't be able to make donations toward Louisiana's debt repayment efforts.

         The House overwhelmingly rejected a proposal by Republican Rep. Beryl Amedee, from Gray, that would have created a new state fund to accept grants or donations to pay down state debts.

         Only 19 members of the House voted for the idea Thursday, while 78 voted against it.

- Sponsors -

         Among lawmakers' concerns were that people could deduct the donations from their taxes as a charitable contribution.

         Amedee wanted the donated money to flow to the state "rainy day" fund and to pay down retirement system debt and state borrowing debt.

         Lawmakers are meeting in a special session called by Gov. John Bel Edwards to stabilize Louisiana's finances and close a hefty gap in the budget.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

         For more information

 

 

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter