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A look at Edwards’ proposed changes to sales, income taxes

Source: neworleanscitybusiness.com - Dec 19, 2017

As a $1 billion budget gap draws closer, Gov. John Bel Edwards announced his favored approach to closing the financial hole with a package of tax changes. The ideas come from a list of suggestions offered a year ago by a nonpartisan study group created by lawmakers.

The Edwards administration said some details of the package are expected to be tweaked as the state determines the impact the federal tax changes expected to win approval from Congress could have on Louisiana’s tax collections.

The proposals backed by the governor would:

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Category: General Business