February 19, 2018

“Fiscal cliff” session starts today

Louisiana legislators will convene at the Capitol today for the start of a 17-day session designed to address a $1 billion-plus fiscal cliff caused by temporary taxes that expire on July 1.

Number of the Day

$1.9 billion - The amount of foregone tax revenue to local taxing bodies through the Industrial Tax Exemption Program in 2017, five times the cost of the combined total of the state’s other major corporate development incentive programs. (Source: Together Baton Rouge)