July 2025

The Louisiana Assessor’s Association (LAA) has proposed revisions to the Regulations promulgated by the Louisiana Tax Commission (LTC) that will be applicable to all property tax assessments and procedures beginning for the Tax Year 2026.  There are a number of revisions proposed by the LAA, but this notice focuses on two that will greatly impact

Louisiana Governor Jeff Landry recently signed into law Act 44, which aims to revitalize Louisiana’s film industry after years of hardship. 

Act 44 revamps Louisiana’s film tax credit program by allowing filmmakers to access up to 40% in refundable tax credits with bonuses for hiring locals, using Louisiana-based scripts, and performing visual effects locally.

Among the changes in the One, Big, Beautiful Bill Act (OBBBA) was the renaming of Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income (NCTI). But the renaming is not the end of the story. The OBBBA also permanently decreases the now-NCTI deduction from 50% to 40% beginning in 2026. (Under the Tax Cuts

Originally published in Bloomberg Tax

Author: French Brown, Partner, Jones Walker LLP

July 2, 2025

Jones Walker’s French Brown says a permanent sales tax holiday and repeals of an aviation fuel tax and commercial lease sales tax will help ease compliance, provide businesses with cost savings, and give consumers predictability.

Florida’s tax relief package, part