 |
Who will pay? Louisiana tax bills target smokers, drinkers, travelers, businesses, more
Source:
theneworleansadvocate.com
- Mar 11, 2016
Louisiana's lawmakers wrapped up work Wednesday in a special legislative session aimed at balancing this year's budget. Here's a look at some of the bills that passed and that failed to win support:
WHAT PASSED:
—Increase Louisiana's 4-cent sales tax by another penny on every dollar spent, starting April 1, without many of the exemptions allowed on the other four pennies of the tax, expiring in 27 months. Revenue raised: $215 million for this year's budget and $883 million annually. House Bill 62.
—Boost the cigarette tax from 86 cents per pack to $1.08, starting April 1. Revenue raised: $11 million for this year's budget and $46 million annually. House Bill 14.
TO READ ENTIRE ARTICLE, CLICK ON SOURCE LINK ABOVE
Category: General Business
|
