corporate income tax Archives - Louisiana Budget Project

October 23, 2017

Another look at tax exemptions

Louisiana gives away more money through corporate tax exemptions and credits than it collects from corporations in income taxes. That much has been known for years.

Number of the Day

79,379 - Louisianans who buy health coverage on the individual marketplace and benefit from federal cost-sharing reductions (Source: Centers for Medicare & Medicaid Services)

June 1, 2017

A “precautionary” special session

With just one week left before lawmakers adjourn, the looming question in the Capitol is whether the House and the Senate will come to an agreement on a budget for the fiscal year that begins July 1.

Number of the Day

$1.1 billion - the reduction in federal funding for adult job training programs in President Trump’s FY 18 budget, a decrease of 40 percent from current funding levels. (Source: Center on Budget and Policy Priorities)

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)

March 21, 2017

Tax reform jockeying begins

Last week, word began circulating that Gov. John Bel Edwards’ administration had shelved tax reform ideas that would have made Louisiana’s system more fair and sustainable, pushing instead for the highly regressive gross receipts tax that’s widely considered to be bad tax policy.