BATON ROUGE, LA - The Louisiana Senate will consider proposals to whittle away at Louisiana's tax break programs to keep more money in the state treasury for spending. Yesterday, the Senate Revenue and Fiscal Affairs Committee advanced a handful of bills to the full Senate that would lessen or eliminate tax breaks. The committee advanced committee chairman J.P. Morrell's constitutional amendment that would limit a property tax break given to manufacturers in Louisiana, so that it couldn't apply to the portion of property taxes dedicated to local public schools, starting in 2019. If backed by lawmakers, the proposal also would require approval from the state's voters.
Credit Courtesy: JPMorrell.com
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Courtesy: JPMorrell.com
