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Louisiana lawmakers advance Gov. Jeff Landry's tax cut bills

  • Louisiana lawmakers advanced bills to flatten the state’s income tax rate and repeal the corporate franchise tax, despite opposition from Democratic lawmakers and groups representing the film industry.
  • One bill proposes a flat individual income tax rate of 3% while increasing deductions for lower-income brackets, described as "modestly progressive" by Greg Albrecht.
  • If approved, the flat tax would create a revenue gap over $1 billion, which Gov. Landry suggests replacing with an expanded sales tax on services and digital goods.
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