News / Article

A possibility: Temporary extension of Louisiana's temporary sales tax might be temporary fix

Source: theadvocate.com/baton_rouge/news/politics/legislature/article_25426c06-2b8a-11e7-9d23-cf6e6bcd3677.html - May 1, 2017

Nobody in the State Capitol says they want to renew a temporary 1-cent increase in the sales tax that is scheduled to expire in mid-2018.

“I continue to believe that (it) should roll off the books,” Gov. John Bel Edwards told reporters on Tuesday, in a comment echoed by state legislators of both parties.

But it’s becoming more and more likely that lawmakers will turn to extending at least a portion of the sales tax, if they ultimately settle on a solution to the so-called “fiscal cliff,” when $1.3 billion in temporary taxes expire on June 30, 2018.

CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE

Category: General Business