tuition donation credit program
June 11, 2018
When the Legislature reconvenes in Baton Rouge next Monday to address what remains of the fiscal cliff, it will look far different than the special sessions that came before.
Number of the Day
$506.4 million - Amount of funding needed to fill the remaining gaps in the 2018-19 state operating budget. Most of the gaps are in higher education, public safety and social services. (Source: Legislative Fiscal Office)June 11, 2018
A little-used state tax credit program designed to benefit low-income students could balloon into a profitable tax shelter for Louisiana’s wealthiest citizens thanks to the recent federal tax cut law. If high-income taxpayers are allowed to exploit the program, the cost of the credit to the state could explode in the years to come as wealthy taxpayers rush to take advantage.… Read more...