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7 new tax laws approved by Louisiana Legislature, Gov. John Bel Edwards

Source: nola.com - Jul 3, 2017

Seven tax changes approved by the Louisiana Legislature became law Monday (June 26) when Gov. John Bel Edwards signed the legislation. Two are expected to save the state money, and five are expected to cost the state money, according to analyses by legislative staffers.

Louisiana is facing a projected $1.2 billion budget shortfall starting July 1, 2018. Five of the changes would increase that gap, possibly by millions of dollars, according to analysts.

Here's a rundown of the changes:

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Category: General Business