|
The Commercial Activity Tax explained: Gov. John Bel Edwards' key proposal
Source:
nola.com
- Apr 7, 2017
Gov. John Bel Edwards is going to into the state legislative session Monday (April 10) with a bit of a surprise plan to overhaul the state's tax structure.
For years, tax experts and economists have urged Louisiana to go back its previous, higher income tax rates to stabilize state finances, but Edwards has decided to go in a different direction with his tax restructuring proposal.
Instead of looking at income tax hikes, he has proposed a version of a gross receipts tax -- which he is calling a Commercial Activity Tax (CAT) -- as the centerpiece of his strategy.
CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE
Category: General Business
|
