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Tax bills tweaked in Louisiana Senate committee to raise more money

Source: nola.com/politics/index.ssf/2018/05/louisiana_senate_committee_cha.html - May 31, 2018

A Louisiana Senate committee reworked a tax plan Wednesday (May 30) the House sent over and boosted the revenue it would generate by around $256 million, enough money to avoid looming budget cuts in the next budget cycle that starts July 1.

The overhauled plan still a ways to go in the legislative process, and even the architect of the proposal -- Sen. J.P. Morrell, D-New Orleans -- couldn't guarantee that the full Senate would go along with it. His strategy would increase taxes on businesses, and a House Republican leader said there is no way it will get approved by the lower chamber.

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Category: General Business