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.

Louisiana Governor John Bel Edwards (D) recently met with leaders from the Louisiana Legislature to discuss his draft 2018 Tax & Budget Priorities, including recommendations for how the State should address the long-term issue of its current taxing and spending structure, as well as the short-term issue of the $1 billion “fiscal cliff” looming

IMG_5444The 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

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

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