The Louisiana Legislature’s 2017 Regular Session has now concluded, and as previously reported, numerous tax measures were proposed. Ultimately, however, much of the proposed legislation addressing long-term tax reform was largely rejected by the Legislature during the Regular Session, leaving questions currently unanswered as to how the state will ultimately address the long-term issue
Louisiana Governor Announces 2017 Budget Stabilization Plan
Standing on the edge of a $1.3 billion fiscal cliff, Governor John Bel Edwards (D‑La.) announced his 2017 Budget Stabilization Plan, which he intends to pursue during the 2017 Regular Session of the Louisiana Legislature beginning on April 10, 2017. The Plan notes that Louisiana is operating under a broken, outdated system, “that just
Louisiana Task Force Releases Recommendations to Reform Louisiana Tax Policy
The Louisiana Task Force on Structural Changes in Budget & Tax Policy recently released its recommendations to reform Louisiana’s sales and use tax, individual income tax, corporate income & franchise taxes, ad valorem property tax and economic development incentives. The highlights of the Task Force’s recommendations include:
Sales and Use Tax:
- Expand the sales and
Backstrom Quoted in Law360, ‘La. Voters Refuse to Get Rid of Corporate Tax Deduction’
Jones Walker SALT Team Leader, Bill Backstrom, was quoted in the Law360 article, “La Voters Refuse to Get Rid of Corporate Tax Deduction” regarding the rejected ballot measure to scrap the corporate tax deduction for federal income taxes paid. The measure was rejected by 56.1 percent of Louisiana voters on Tuesday, November 8.
Bill
Q&A with Kimberly Robinson, Secretary of the Louisiana Department of Revenue
Secretary of the Louisiana Department of Revenue and former Jones Walker LLP State & Local Tax Partner, Kimberly Robinson, sat down with our own Bill Backstrom and Jay Adams to discuss a few of the items that she will discuss at the Jones Walker SALT Team’s annual seminar in Houston, Texas on Thursday, October 6,
A “Quest” for Certainty—Court of Appeal Affirms Louisiana Was a “Location-of-Performance” State All Along
In Quest Diagnostics Clinical Laboratories, Inc. v. T.A. “Tim” Barfield, Jr., Secretary, Department of Revenue, State of Louisiana; and the State of Louisiana, Louisiana Court of Appeal, First Circuit, Docket No. 2015-CA-0926 (September 9, 2016), the Louisiana Court of Appeal, First Circuit recently confirmed that Louisiana was a “location-of-performance” state when sourcing service-based
Louisiana Governor Calls for Second Special Session
Louisiana Governor John Bel Edwards has released his Call for the Second Special Session in 2016. The special session will begin at 6:30 p.m. on June 6, 2016, which is 30 minutes after the regular session ends. The special session will end on June 23, 2016.
The Call focuses on the Governor’s tax plan,
Special Legislative Session Called by Louisiana Governor To Address Taxes and Budget
Today, Louisiana Governor Edwards called for a special session of the Louisiana Legislature to begin on February 14, 2016 and end no later than March 9, 2016. The session has been called to address the current year $700 million budget deficit and a number of tax issues, including:
- Amend the Constitution “relative to deductible items
Louisiana Governor Releases Report on Fiscal Matters: A Preview of Potential Tax Changes
Louisiana Governor Edwards’ Transition Committee on Fiscal Matters released its much-anticipated report on the Louisiana budget and taxes. In order to address Louisiana’s structural deficit, the Transition Committee offered the following options to reform the Louisiana tax system:
- Reduce Louisiana’s individual income tax rates across the board, if the voters agree to eliminate the
Louisiana Tax Amnesty: DELAYED Until December 1
The Louisiana Department of Revenue has just issued a press release announcing that the 2015 tax amnesty program, scheduled to begin yesterday, November 16, 2015, has been delayed until December 1, 2015.
The 30-day tax amnesty period will now run from December 1, 2015 until December 31, 2015.
The delay results from an error