Senators Suggest Taxes To Consider For Louisiana Budget Gap

BATON ROUGE, La. (AP) — As they unveiled a spending proposal with steep reductions, senators also offered ideas about what taxes lawmakers should consider in a special session expected later this month to fill budget gaps.

The Senate Finance Committee advanced a resolution Friday outlining the tax types senators suggest should be included by Gov. John Bel Edwards for review during a special session.

The list includes renewing part of an expiring 1 percent state sales tax, removing existing sales tax breaks and trimming back some tax incentive programs for business.

- Sponsors -

Sen. Jack Donahue, a Mandeville Republican, described the proposal as "possibilities."

About $1.4 billion in temporary taxes are expiring July 1. The Senate Finance Committee suggested about $650 million needed to be replaced to keep a standstill budget.

___

- Partner Content -

Besselman Wealth Planners

For over 50 years, Besselman Wealth Planners has been helping individuals, families, and businesses in the Greater New Orleans area navigate the financial markets....

Senate Concurrent Resolution 101: www.legis.la.gov

 

 

Digital Sponsors / Become a Sponsor

Close the CTA

Happy 504 Day!  🎉

Order a full year of local stories,

delivered to your door.

Limited time offer. New subscribers only.

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

Email Newsletter

Sign up for our email newsletter