Louisiana Governor Jeff Landry announces a November 6-25 special session to reform state tax structure, aiming to lower income tax rates, introduce a flat tax, raise standard deduction, and offset losses by ending some tax exemptions.
Louisiana Governor Jeff Landry has announced a special session starting November 6, 2024, to reform the state's tax structure, concluding by November 25. The plan aims to lower individual and corporate income tax rates, introduce a flat tax, and raise the standard deduction while eliminating the corporate franchise tax. To offset revenue losses, it proposes ending sales tax exemptions and extending sales tax to more activities. Legislative changes require a two-thirds majority and voter approval on March 29.
October 28, 2024
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