Bill that may grant tax breaks to oil companies heads to full Senate

By Jack Richards

BATON ROUGE — The Senate Revenue and Fiscal Affairs Committee unanimously sent to the full Senate a bill Wednesday to change the way multi-state corporations calculate state income tax that would favor some companies over others.

House Bill 20 by Rep. Gene Reynolds, D-Minden, stirred controversy after Rep. Jim Morris, R-Oil City, was unable to explain the effect of an amendment he said would to help oil and gas companies.

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