HB 220

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billion - Cost to the state in FY 2019 if the sales tax rate was reduced to 2.03 percent and various exemptions were repealed.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)
April 19, 2017

Sales tax dilemma

The temporary one-cent sales tax hike approved by the Legislature last year gave Louisiana the highest combined (state and local) sales tax is in the land, according to the Tax Foundation.Critics have long complained that the sales tax is cumbersome to administer and is riddled with too many exemptions.

Number of the Day

$510 million: Annual revenue raised from House Bill 632, which would increase the state gasoline tax by 17 cents per gallon. (Source: Nola.com/Times Picayune)