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Tax overhaul discussed at LABI
Source:
theadvocate.com
- Jan 15, 2013
BY MICHELLE MILLHOLLON
Capitol news bureau
January 15, 2013
As he builds his tax package, Gov. Bobby Jindal wants to keep economic development incentives in place and forego any property tax changes, a key aide said Thursday.
Tim Barfield, the state revenue department’s executive counsel, gave a skeletal description of the package to the Louisiana Association of Business and Industry at the Crowne Plaza in Baton Rouge.
His presentation followed last week’s announcement that the governor wants to eliminate the state’s personal income and corporate taxes in exchange for heftier state sales taxes.
The proposal will be debated in the legislative session that starts in April.
The governor’s package likely will come together shortly before session, Barfield said.
Just how much of a sales tax increase the governor advocates is unclear. Details on consideration for the poor and how the administration will stop a stampede toward largely tax-free Internet shopping are unknown.
Barfield said those problems will be worked out in closed door meetings with stakeholders and legislators.
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Category: Louisiana
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