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House subcommittee conducts study on Louisiana’s tax structure – KPLC


The Louisiana House Ways and Means Committee is currently investigating the state’s tax structure to determine potential areas for reform. The committee, chaired by Representative Barry Ivey, is focusing on various tax policies and procedures in Louisiana to identify any inefficiencies or areas that may be hindering economic growth.

One of the key issues being examined is the state’s sales tax structure, which is currently one of the highest in the nation at 4.45%. This high sales tax rate has been an ongoing concern for businesses in Louisiana, as it can deter consumers from making purchases and ultimately impact the state’s economy.

In addition to the sales tax, the committee is also looking at other taxes such as property tax and income tax to determine if any adjustments need to be made. By evaluating the state’s tax structure as a whole, the committee aims to find ways to make Louisiana more competitive and attractive to businesses and residents.

Representative Ivey emphasized the importance of ensuring that Louisiana’s tax system is fair, efficient, and conducive to economic growth. He stated that the committee’s goal is to create a tax structure that supports job creation and promotes prosperity for all Louisiana residents.

The House Ways and Means Committee’s investigation comes at a crucial time for Louisiana as the state continues to face economic challenges exacerbated by the COVID-19 pandemic. By examining the tax structure and potential areas for reform, the committee hopes to lay the groundwork for a stronger and more resilient economy in Louisiana.

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