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New ways to raise money in Louisiana, reshape income tax code moving to House now

Source: theadvocate.com/baton_rouge/news/politics/legislature/article_d1a8e920-341d-11e7-99ea-b3d13cc2cf44.html - May 9, 2017

Measures that would raise money – and give the Louisiana Legislature ways to address a huge budget deficit next year – advanced to the House floor after the Ways and Means Committee approved a series of bills Monday without objection.

The committee also passed a major rewrite of Louisiana’s income tax code, also without a recorded vote, as the committee operated smoothly under a plan devised by its chairman, state Rep. Neil Abramson, D-New Orleans, and Republican House leaders.

The panel’s actions represented the first major tax legislation to win approval in the conservative-dominated tax committee during the regular session and provided the first real indication that the House Republican leadership is willing to have the full chamber consider revenue-raising measures.

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Category: General Business