Landry: Tax changes needed to fuel population growth, encourage families to stay

Published: November 7, 2024

By: Quinn Marceaux, Anna Puleo and Avery Sams, LSU Manship School News Service

BATON ROUGE – Gov. Jeff Landry launched his ambitious tax plan Wednesday in a speech before a legislative special session and called for revamping the state tax code, positioning it as the largest tax cut in Louisiana history. At the heart of Landry’s plan is a call for slashing the personal income tax to a flat 3% rate and making the temporary 0.45% state sales tax permanent. Ultimately the governor’s goal is to pave the way for the elimination of the income tax in its entirety. The proposal also includes significant changes to the corporate tax structure, including the elimination of the corporate franchise tax and a reduction of the corporate income tax rate.

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