Some tax cuts undone in Senate committee

Published: November 20, 2024

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

BATON ROUGE — Some tax cuts adopted by the state House of Representatives last week were undone by a Senate committee on Tuesday when it took up major elements of the governor’s tax proposals.

The Senate Revenue and Fiscal Affairs Committee backed away from abolishing tax credits for historic preservation of buildings and production of movies and TV shows. The committee also rolled back a corporate income tax cut from a 3.5 percent tax rate adopted by the House to a 6 percent rate, not as generous as the House, but still lower than the existing top rate of 7.5 percent.

Meanwhile, the House has not moved forward with Gov. Jeff Landry’s original plan to pay for income tax cuts partly by creating sales taxes on more than 41 services like car washes.

Read more at The Daily Star.