taxes

Politics
4:07 pm
Wed February 6, 2013

Tax Rebates May Move to Odd Years

Originally published on Wed February 6, 2013 5:39 pm

State Sen. Dan Claitor wants to add tax rebates to the list of matters that can only be considered in odd-numbered years, when the constitution mandates lawmakers take up fiscal issues. Generally, even-numbered years are reserved for non-fiscal deliberations. The constitutional amendment would require two-thirds approval in the legislature and a vote of the people.

Tax exclusions, exemptions, deductions, credits, and refunds are already limited to fiscal years.

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Politics
9:57 am
Tue February 5, 2013

Tobacco Tax Could Nearly Close Budget Gap

Originally published on Wed February 6, 2013 9:10 am

Gov. Bobby Jindal's tax reform proposals may include raising the tobacco excise tax. Health officials have suggested raising the tax by a dollar per pack. A study shows raising the tax by that much would raise $223 million a year – that’s almost enough to have closed this year’s $240 million budget gap. 

Jindal has said his tax reforms would be revenue neutral, replacing the income tax with higher sales tax.


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Latest News
1:46 pm
Wed January 16, 2013

Jindal Tax Plan Would Keep Incentive Programs

The leader on Gov. Bobby Jindal's proposed tax code rewrite, Tim Barfield, says the administration wants to keep most of the state's economic development incentive programs as part of the revamp.

Many of the programs give credits or exemptions to income taxes.

Though Jindal is proposing to eliminate state income taxes in exchange for higher sales taxes, Barfield says the governor's proposal will keep modified versions of most of the incentive programs overseen by the Department of Economic Development.

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Taxes
6:00 pm
Mon January 14, 2013

Lawmakers Hesitant About Jindal Tax Proposal

Lawmakers are responding with caution to Gov. Bobby Jindal's proposal to eliminate Louisiana's income tax in exchange for higher sales taxes and other tax code changes.

Among specific concerns raised Friday by legislators who will decide the fate of the plan are how it will impact low- to middle-income families, how it will affect local sales tax collections and whether sales taxes are too unstable a revenue source on which to base a budget.

Jindal is floating the idea of a tax swap in advance of the legislative session that begins in April.

Taxes
10:00 am
Mon January 14, 2013

La. Income Tax Filing Begins Jan. 30

The state Department of Revenue will begin processing 2012 state individual income tax returns on Jan. 30.

On that date, officials say 2012 state individual income tax forms will be available on the department website, www.revenue.louisiana.gov/taxforms, at department offices and at public libraries throughout the state.

Politics
11:00 am
Sat January 12, 2013

Jindal Proposes Getting Rid of Income Taxes

Gov. Bobby Jindal is proposing to eliminate Louisiana's personal and business income taxes, in exchange for higher state sales taxes and the removal of some tax breaks.

Jindal's shopping the idea to lawmakers, who will consider it in the regular session that begins in April. In a statement Thursday, the Republican governor said eliminating income taxes will "put more money back into the pockets of Louisiana families" and make the state more attractive to companies.

It was the first peak at proposals Jindal will offer as part of his tax code rewrite.

Latest News
12:03 pm
Wed December 26, 2012

B&Bs Get Break on Room Tax Penalties

The New Orleans City Council is giving a break to bed-and-breakfast owners who are late paying the room tax rate of 50 cents per day for each occupied room.

The Times-Picayune reports that the penalty has often been much more than the amount due.

The late penalty was at least $500. Council President Stacey Head told the council that the tax for a typical B&B averages less than $60 a month.

Hurricane Isaac
10:49 pm
Thu September 6, 2012

Storm damage could force assessors to adjust

The state Tax Commission says this year's tax assessments may be reduced for property damaged by Hurricane Isaac.

The Courier reports that the process of asking tax assessors for a review varies among parishes.

For example, St. Tammany Parish Assessor Patricia Schwarz Core said she wants property owners to contact her office now, and she is making review forms available online.

But in Terrebonne and Lafourche parishes, the assessors' offices want residents and businesses to wait until after this year's tax notifications are mailed out before asking for a review.

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Lincoln Parish
11:33 am
Mon July 16, 2012

New tax in effect in Lincoln Parish

RUSTON — Lincoln Parish shoppers will find they are paying a little more at the checkout as a new quarter-cent sales tax to support the Sheriff's Office went into effect in July.

The Daily Leader reports (http://bit.ly/NkZ8Qw) Sheriff Mike Stone says revenue from the tax would pay for technology, continuation of services and to help offset a $100,000 deficit from the previous fiscal year.

Jerry Smith, the sheriff's chief civil deputy, says the sales tax affects all purchases and is in effect throughout Lincoln Parish.

Hurricane Tax Holiday
9:55 am
Mon May 7, 2012

Hurricane Sales Tax Holiday Set for May 26-27

BATON ROUGE, La. (AP) — Stocking up on flashlights, batteries and other items to get ready for hurricane season this summer? You might want to wait until May 26 and 27, when the state holds a sales tax holiday for hurricane preparedness items.

That weekend, Louisiana residents won't have to pay the 4 percent state sales tax on a list of items like flashlights and candles, weather radios, waterproof sheeting, gas or diesel fuel tanks, batteries and chargers and storm shutter devices. The sales tax holiday exempts the first $1,500 of the purchase price.

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