|
Much-maligned inventory tax faces possible phase-out, but powerful forces oppose proposed alternative
Source:
theadvocate.com
- May 8, 2017
Academics and business groups have long knocked Louisiana’s tax on inventory — goods that businesses have on hand for sale.
Now a state senator wants to phase out the unpopular tax over 10 years, but more than money is at stake.
The changes sought by Sen. Bret Allain, R-Franklin, also would chip away at Louisiana’s centralized system of state government created nearly 100 years ago by Huey Long. That’s one reason Allain's plan has the support of the powerful Louisiana Association of Business & Industry.
CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE
Category: General Business
|
