Louisiana Governor John Bel Edwards’ (D) administration has now filed its bill proposing to create a new Commercial Activity Tax (CAT) in Louisiana.
A full copy of the filed original bill, HB 628 (authored by Representative Sam Jones), can be found here.
According to the Governor’s previously released 2017 Budget Stabilization Plan, the proposed new CAT would raise $800M – $900M and replace Louisiana’s franchise tax. The proposed CAT, however, has already received strong criticism from many business and industry groups throughout the state.
The Jones Walker SALT Team is currently reviewing the bill in detail, and we will be sure to provide an update on our analysis.
