(The Center Square) – The Louisiana House’s tax-writing committee has approved a Senate bill that would remove a major tax break from the state constitution and lower the top income
House committee advances Senate-approved tax swap
The Louisiana House’s tax-writing committee has approved a Senate bill that would remove a major tax break from the state constitution and lower the top income tax rate.
Senate Bill 159 is a key piece of a complicated effort to simplify Louisiana’s complex tax system, which critics say complicates state budgeting and drives away people and businesses, while trying to collect about the same amount of money.
Louisiana currently lets taxpayers deduct the full amount of their federal income taxes when tallying their state taxes. SB 159 would strip that provision from the state constitution, though lawmakers still would have the option to keep it in statute.
House committee advances most of Louisiana tax overhaul neworleanscitybusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neworleanscitybusiness.com Daily Mail and Mail on Sunday newspapers.
Gov. Tom Wolf Seeks Overhaul of Pennsylvania’s Highway Funding
The Pennsylvania Turnpike over the Lehigh River. (Alex Potemkin/Getty Images)
HARRISBURG, Pa. Amid a deepening stalemate over financing highways and public transit, Gov. Tom Wolf on March 12 proposed phasing out Pennsylvania’s gasoline tax, the second-highest in the nation, and appointed a commission to recommend alternative ways to pay for the state’s needs.
Wolf ordered a commission of several dozen lawmakers, transportation industry representatives, transportation planners, government officials and others to deliver recommendations by Aug. 1 of funding alternatives to foot the extra billions of dollars deemed to be necessary.