Key provisions of the governor’s plan to cut personal income and corporate taxes passed the state House of Representatives on Tuesday

Published: November 13, 2024

By: Ella Ray and Grace Thompson, LSU Manship School News Service

Key provisions of the governor’s plan to cut personal income and corporate taxes passed the state House of Representatives on Tuesday. 

The House voted 87-12 to shift individual income tax rates to a flat 3% and 83-14 to eliminate the corporate franchise tax.

These bills, which now move to the Senate, are designed to shift revenue collection in the state to sales taxes on more items and away from income taxes as a bid to make Louisiana more attractive to taxpayers and businesses. 

“We’re trying to put more money in the pockets of Louisiana citizens so they can choose on the sales tax side what they purchase,” said Rep. Julie Emerson, R-Carencro, who shepherded the bills through the House floor.

Read more at Lafourche Gazette.