Louisiana lawmakers advance Gov. Landry’s corporate tax cut bill

Published: November 11, 2024

By: Gracelyn Farrar, LSU Manship School News Service

BATON ROUGE-The House Ways and Means Committee took steps Sunday toward achieving the governor’s tax overhaul by advancing a bill to cut the corporate income tax rate, now one of the highest in the nation, in stages from 7.5% to 3.5%.

The full House voted 69-6 to send the plan to the House Appropriations Committee for further consideration.

Also on Sunday, the Ways and Means Committee voted to allow parishes to eliminate the business inventory tax.

Read more at WWNO.