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Analysis: Tax overhaul gains momentum, but what approach?

BATON ROUGE, La. (AP) With two weeks of the legislative session complete, Louisiana's Republican legislative leaders have speeded ahead with a rewrite of the state's tax system, but without a clear consensus yet emerging on the precise approach to take. Across the remaining seven weeks of session, lawmakers will have to settle many hefty, high-dollar issues to strike a deal that overhauls a tax structure seen as outdated, overly complicated and unfair. And they may have to snub some powerful special interest groups to make the numbers work. Senate President Clay Schexnayder, House Speaker Clay Schexnayder and the heads of the House and Senate tax committees, all Republicans, have demonstrated their commitment to the cause by aggressively scheduling hearings on the bills and starting to move them. ....

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Lafayette, Houma Lawmakers' Bills Could Increase Your Income Taxe

Lafayette, Houma Lawmakers' Bills Could Increase Your Income Taxe
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Louisiana tax change advances in state Legislature

Louisiana tax change advances in state Legislature
dailycomet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailycomet.com Daily Mail and Mail on Sunday newspapers.

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Louisiana Senate approves amendment to allow tax cut, tax break swap

by
David Jacobs, The Center Square
| April 21, 2021 08:00 AM
Print this article
The Louisiana Senate approved a possible constitutional amendment Tuesday that would lower the maximum allowable personal income tax rates and remove a major tax break from the constitution.
Senate Bill 159 is part of a package of tax-related constitutional amendments legislative leaders in both chambers are pushing. They later may be combined into a single instrument, said Sen. Bret Allain, R-Franklin, who chairs his chamber’s tax policy committee.
“Simplicity and predictability is what we’re after,” he said.
The Louisiana Constitution currently says lawmakers can’t raise income tax rates above what was in effect in 2003, which is 2% on the first $12,500 of net income, 4% on the next $37,500 and 6% on income in excess of $50,000. Allain’s proposed amendment would remove references to those rates and establish a maximum rate ....

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Senate OKs amendment to allow tax cut, tax break swap

Senate OKs amendment to allow tax cut, tax break swap
The Louisiana Senate approved a possible constitutional amendment Tuesday that would lower the maximum allowable personal income tax rates and remove a major tax break from the constitution.
Senate Bill 159 is part of a package of tax-related constitutional amendments legislative leaders in both chambers are pushing. They later may be combined into a single instrument, said Sen. Bret Allain, R-Franklin, who chairs his chamber’s tax policy committee.
“Simplicity and predictability is what we’re after,” he said.
The Louisiana Constitution currently says lawmakers can’t raise income tax rates above what was in effect in 2003, which is 2% on the first $12,500 of net income, 4% on the next $37,500 and 6% on income in excess of $50,000. ....

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