The changes include a 3% flat personal income tax in 2025, reductions in corporate taxes and a temporary sales tax hike to 5% to offset revenue losses.
Gov. Jeff Landry’s top budget and tax officials presented a plan for the coming fiscal year to a joint committee of the Legislature on Thursday, Feb. 20, despite growing uncertainty over how potential federal funding cuts could affect the state’s finances.With more than 50 percent of Louisiana’s budget relying on federal funds, potential cuts by the federal government to higher edu...
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