Governor’s tax reform plan moving forwardLouisiana House passes business tax cuts, bills to end film, preservation credits

Published: November 14, 2024

By: Avery Sams, LSU Manship School News Service

BATON ROUGE–The House continued Wednesday to revamp the state tax system, passing bills to cut business tax rates, eliminate credits for movie-making and historic preservation and, for the first time, tax personal use digital music, video games, audiobooks and movies. 

If the Senate agrees with the proposals, the corporate income tax rate would fall from a graduated system to a flat rate of 5.5% and then to 3.5% after 2026.

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