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Report: Louisiana has nation’s highest sales tax rate
Source:
theneworleansadvocate.com
- Jul 7, 2016
Louisiana officially started the new budget year with the nation’s highest sales tax rate, according to a new analysis from a nonpartisan think tank devoted to tax issues.
The Tax Foundation report, which was released Tuesday, found that Louisiana’s 9.99 percent combined state and local sale tax rate edges out Tennessee (9.45 percent), Arkansas (9.30 percent), Alabama (8.97 percent) and Washington (8.92 percent) for first place. The state previously ranked 3rd in the Tax Foundation’s analysis.
The highest tax news doesn’t come as a surprise. As legislators deliberated efforts to increase the state-level sales tax to plug a nearly $2 billion budget hole during a special session earlier this year, they were warned that the increases that were ultimately approved would push the state to the top of the sales tax rankings. Those new sales taxes kicked in on April 1.
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Category: General Business
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