A week from today state lawmakers will begin a tax reform special session. The Landry Administration is seeking to reduce corporate and income rates, while broadening the services subject to sales taxes. The governor says the plan will produce more jobs and put more money in the pockets of workers, but Senate President Cameron Henry says there are a lot of questions.
“We still have a lot of concerns from our locals on how this is going to affect locals, how it’s going to affect individuals, how it’s going to affect services such as hospital systems and higher ed, and our public education system as well. Just on the revenue side of all these bills,” Henry said.
The special session must end by Monday, November 25th. Henry says the nearly three-week-long special session might not be enough time as legislators have a lot to consider.
“Hopefully we can get to it all, but if not, we’ll maybe be able to pick out two or three things that are most important to do now and then have some of these bills roll over to the regular session,” Henry said.
The Louisiana Senate did not go along with all of Landry’s proposals in the special sessions and the regular session that took place earlier this year. But Henry says the Louisiana Senate is eager to deliver meaningful tax reform.
“We should be able to make some significant steps over the next year or two on our tax package in making the state more competitive, both for individuals to live here and obviously for businesses as well,” Henry said.
