"The Advocate" said : Grace Notes: Gov. John Bel Edwards pushes back on criticism of tax plan, stresses past inequities, what's at stake

Close Get email notifications on Stephanie Grace daily! Whenever Stephanie Grace posts new content, you'll get an email delivered to your inbox with a link. Email notifications are only sent once a day, and only if there are new matching items. There was a problem saving your notification. Your notification has been saved.


referring to

John Bel Edwards 2017 tax plan: Who would pay and when

Corporate tax overhaulAs with individual income taxes, Edwards is proposing reducing the corporate income tax rates, as long as a state income tax deduction on federal income taxes is eliminated. Gross receipts taxTo replace much of the lost sales tax revenue, Edwards is proposing a new gross receipts tax, which the governor is calling a commercial activity tax (CAT). Those businesses that currently pay corporate income taxes would either continue to pay their corporate income taxes, the CAT or the MCAT -- whichever is more. But even though the sales tax rate would be lower, it would be collected on more goods and services than it is now. John Bel Edwards released more details of his plan to overhaul Louisiana's tax structure Wednesday (May 29).


You are the owner of this collection.


read more visit us Business

collected by :John Miller