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He also noted that simplifying Louisiana's complex tax code would reduce compliance costs, particularly for small businesses. Many of the measures are tied to House Bill 7, which includes ...
Greg Hilburn covers state politics for the USA TODAY Network of Louisiana. Follow him on Twitter @GregHilburn1. This article originally appeared on Shreveport Times: Explaining amendments to the ...
Louisiana's GOP-dominated House of Representatives on Tuesday overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment — all key provisions in Gov. Jeff ...
Louisiana Governor Jeff Landry has called a Special Session on November 6 to overhaul the state's tax system including income and sales tax rates.
As enacted in the Tax Cuts and Jobs Act of 2017 and amended by the Bipartisan Budget Act of 2018, an excise tax of 1.4% on endowment income is levied on universities that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered ...
Few states impose a tax on the value of property. Property tax is based on fair market value of the subject property. The amount of tax is determined annually based on the market value of each property on a particular date, [86] and most jurisdictions require redeterminations of value periodically. The tax is computed as the determined market ...