Published: Nov. 1, 2022
By: Molly Ryan, LSU Manship School News Service
BATON ROUGE, La. – With no personal income tax and booming economies, Texas, Florida and Tennessee are once again drawing attention from Louisiana lawmakers who are wondering if eliminating income tax could create the same boom in their state.
During a House Ways and Means Committee meeting in September, lawmakers began studying the state’s taxes as part of a House resolution passed earlier this year. It tasks the committee with making recommendations to the Legislature about Louisiana’s tax structure, including the state income tax.
Rep. Richard Nelson, a Mandeville Republican and the son of an IRS agent, argued that rebuilding the state’s tax structure and eliminating the income tax is necessary to make Louisiana more competitive and attract investment.
He points out that Texas and Florida grown in population six times faster than Louisiana.
“When you look at the state, and you look at the trajectory that we’re going, I think the tax structure in Louisiana is one of the fundamental things that’s holding us back,” Nelson said.
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