News / Article

Louisiana governor’s business tax shelved amid opposition

Source: neworleanscitybusiness.com - Apr 28, 2017

Facing certain defeat, Gov. John Bel Edwards gave up Tuesday on his effort to levy a new tax on business sales to help stabilize Louisiana’s budget, a move that throws his budget-balancing tax plan into disarray.

Rep. Sam Jones, a Franklin Democrat who sponsored Edwards’ proposal, pulled the bill after two days of hearings in the House Ways and Means Committee because of insurmountable opposition from the conservative, majority-Republican committee.

“The votes were not there,” Jones said.

CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE

Category: General Business