Lawmakers Push to Restructure Severance Tax; DeSoto, Other Local Parishes to Benefit From Cap Removal

Lawmakers push to restructure severance tax; DeSoto, other local parishes to benefit from cap removal

(The Center Square) — The Senate Revenue and Fiscal affairs committee considered various bills that would restructure Louisiana's severance tax.

Lawmakers push to restructure severance tax

(The Center Square) — The Senate Revenue and Fiscal affairs committee considered various bills that would restructure Louisiana's severance tax.

The Louisiana House voted to cut income and sales taxes. Then the math got in the way.

The state Senate on Sunday shelved proposals to reduce individual income and sales taxes in Louisiana – to avoid blowing a big hole in the state budget.

Louisiana tax cuts stall over concern they’re ‘too much, too fast’ for fiscal conservatives • Louisiana Illuminator

The Louisiana State Capitol building. (Wes Muller/Louisiana Illuminator)A package of legislation that would have included tax cuts and an overhaul of state budget laws has stalled in the Louisiana Senate and is unlikely to regain momentum before lawmakers end their 2025 legislative session next week. The package includes a proposed constitutional amendment that would have let lawmakers take $3 billion from an emergency savings account and free u…

Tax cuts hit roadblock in state Senate

Louisiana Illuminator/Wesley Muller The state Capitol hurtles toward a busy end to another legislative session. A package of legislation that would have included tax cuts and an overhaul of state budget laws has stalled in the Louisiana Senate and is unlikely to regain momentum before lawmakers end their 20

Louisiana’s tax cut plan stalls in the Senate

A sweeping tax reform package aimed at cutting Louisiana’s income and sales taxes has stalled in the Senate and is unlikely to advance before the legislative session ends, Louisiana Illuminator writes.  The plan, backed by House Republicans and Rep. Julie Emerson, would have drawn $3 billion from emergency savings to help fund tax cuts and permanently boost teacher pay. But Senate leaders, including Sen. Franklin Foil, are hesitant to act before…