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Ending tax breaks tough sell
Source:
americanpress.com
- Oct 6, 2016
Are Louisiana taxpayers prepared to give up their right to deduct federal income taxes they paid on their state returns? Will industry agree to give up more of its tax breaks?
Those are tough questions expected to be debated when the Legislature meets next April for its fiscal session. Early signs indicate it could become one of the most contentious sessions in many years.
One of those signs is the fact a task force studying ways to reform the state’s tax and budget systems asked for its second postponement for delivering its report to legislative leaders. The Advocate reported last week the Task Force on Structural Changes in Budget and Tax Policy wants a Nov. 1 reporting date, which it is expected to get. The Sept. 1 deadline was earlier postponed to Oct. 1.
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Category: Louisiana
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