Commercial Activity Tax Archives - Louisiana Budget Project

April 26, 2017

The CAT is gone

The centerpiece of Gov. John Bel Edwards’ tax package - a proposed commercial activity tax on corporations contained in House BIll 628 - failed to make it out of the House Ways and Means Committee on Tuesday.

Number of the Day

$18 million - Amount of cuts to higher education under a standstill budget proposed by Republican House members. (Source: The Advocate)

April 25, 2017

CAT on the hot seat

Members of the House Ways & Means Committee spent several hours on Monday reviewing Gov. John Bel Edwards’ proposed Commercial Activities Tax, and when it was over the media joined committee Republicans in declaring the bill dead.

Number of the Day

5.7 percent- Unemployment rate in Louisiana, which has decreased for 4 consecutive months. (Source: Louisiana Workforce Commission)

April 24, 2017

Turning talk into action

The Legislature has been in session two full weeks and has accomplished virtually nothing so far.

Number of the Day

$416.6 million - Estimated annual revenue the state would gain from the proposed Commercial Activity Tax (Source: Legislative Fiscal Office analysis of House Bill 628)

April 21, 2017

The latest on tax reform

The Legislature has completed its second full week of work, and no progress has been made on fixing either the $440 million shortfall for the coming fiscal year or the nearly $1.4 billion “fiscal cliff” the state is facing when temporary taxes expire in June of 2018.

Number of the Day

$1.5 billion - Cost to the state in FY 2019 if the sales tax rate was reduced to 2.03 percent and various exemptions were repealed. (Source: Legislative Fiscal Office analysis of HB 220)