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Wed March 6, 2013
State Tax Break Study Panel Releases Recommendations
Lawmakers who spent months reviewing Louisiana's lengthy list of tax breaks are recommending more regular oversight and study of the credits, exemptions and rebates.
In its final report released Tuesday, the Revenue Study Commission didn't recommend getting rid of any specific tax breaks.
Instead, the 14-member panel provided two lists for possible legislative action: one of underused or expired tax breaks and the second of tax breaks where questions were raised by a commission member about a program's value.
The commission urged the revenue department to upgrade its computer system to more accurately track the financial impact of tax breaks. It also suggested lawmakers consider expiration dates for tax breaks and caps on the amount of some tax breaks.
The full report is available online at www.house.louisiana.gov/rc/