Posts Tagged ‘Tax Foundation’
It is widely expected that tax reform will be the Jindal administration’s primary goal in the 2013 Louisiana legislative session. In a recent Advocate report, Tim Barfield from the Department of Revenue addressed the need for reform, pointing out that it is the “sticker price” and not the actual tax burden that is hampering “Louisiana’s efforts to attract businesses.”
A recent Tax Foundation study contends that the unemployment insurance system is in need of an overhaul, as the current system “[exacerbates] negative job growth”.
Despite having the second lowest statewide sales tax rate in the U.S., a new study shows that Louisiana’s combined state and local sales taxes are third highest in the nation, at 8.84 percent.
Fergus Hodgson provides an overview of tax policy changes within the current legislative session.
An expansion of state taxing powers – HB 641 – better known as the Amazon tax, passed the House today with a vote of 78 to 14.