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 The Plan notes that Louisiana is operating under a broken, outdated system, “that just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 Discussing Possible New Gross Receipts Tax As Part of Upcoming 2017 Regular Legislative Session
Louisiana is at it again!
Louisiana Governor John Bel Edwards and the Louisiana Department of Revenue are now seriously discussing and considering the recommendation of legislation to create a new gross receipts tax in Louisiana. The Governor’s administration will likely be presenting this gross receipts tax option to the Louisiana Legislature as part of the
Louisiana Governor Issues Call for Special Session
It’s official. Louisiana Governor Jon Bel Edwards has now released his Call for a special legislative session to begin February 13th at 6:30 PM and conclude February 22nd at midnight. The Call, released today, February 3, 2017, is intended to allow the Louisiana Legislature to plug a $304 million budget hole in the state’s
Louisiana 2017 Special Session Possible
The Louisiana Revenue Estimating Conference met Friday, January 13, 2017, to determine the state’s budget deficit for fiscal year 2017. Based on tax collections, which are below expectations, Louisiana’s economists estimate either a $340M or $502M deficit. The Revenue Estimating Conference ultimately concluded the state’s budget deficit for fiscal year 2017 is $340M, of which
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,
Louisiana Joins Fray in National Debate Over Online Remote Seller Sales Tax Nexus
Originally published by Tax Law360.
Taxation by states of out-of-state online retail sales remains a hotly contested issue. Louisiana is now part of that national sales tax nexus conversation.
In March of 2016, during a special legislative session called by new Louisiana Governor John Bel Edwards (D) to address the State’s current budget shortfalls,
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 Outlines Short-Term and Long-Term “Options” to Tackle Budget Gaps
Newly elected Louisiana Governor John Bel Edwards recently outlined his short-term and long-term plans to close the $750 million budget gap in the current fiscal year and tackle the $1.9 billion gap in the upcoming fiscal year. The current fiscal year ends June 30.
A full copy of the Governor’s plan showing short-term and long-term
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
2015 Louisiana Tax Amnesty Begins: New Department Guidance Published
Today, the 2015 tax amnesty program begins and will continue through December 15, 2015.
In connection with the program, on November 3 the Louisiana Department of Revenue issued its Revenue Information Bulletin (RIB) No. 2015-037 providing taxpayers with specific information on this year’s amnesty.
Notably, unlike the language of Act 822 (2014 Reg. Sess.) upon