Tax Credits
May 17, 2022
The Louisiana Legislature started its annual session with record amounts of revenue to divide among the state’s many needs. Lawmakers have more than $3.6 billion in windfall revenue on hand that includes surplus dollars from last year, leftover pandemic relief dollars and “excess” tax revenue in the current year that can be spent with few restrictions.… Read more...
October 23, 2017
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)May 22, 2017
The Louisiana Rural Jobs Act Tax Credit Program proposed by House Bill 641 is intended to provide an economic boost to rural areas of the state. Unfortunately, the program would likely benefit a few well-connected financial firms more than Louisiana’s rural communities.… Read more...
April 11, 2017
The governor’s tax plan is not perfect. But if all the elements are taken together, it would take a step toward making Louisiana’s broken tax system more fair and adequate.