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 -

Junior League of New Orleans Opens Applications for 2026 Woman Entrepreneur Fellowship Pitch Competition

Women business owners make up less than half of majority-owned enterprises in the United States, only 39.2 percent, according to the 2024 National Women’s...

         For more information

 

 

Digital Sponsors / Become a Sponsor