US EditionProposed legislation tests parish appetite for inventory tax reform
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Proposed legislation tests parish appetite for inventory tax reform
A pair of bills moving through the Louisiana Legislature would give parishes the option to phase out property taxes on business inventory—something supporters say could boost the state’s economic competitiveness. But local buy-in may prove elusive. House Bill 365, sponsored by state Rep. Daryl Deshotel, R-Marksville, outlines a process for parishes to either exempt inventory from ad valorem taxation or reduce the percentage of its fair market va…
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