Connect with us

Louisiana

Governor’s Tax Package Seeks To Make Louisiana More Competitive

Published

on

Governor’s Tax Package Seeks To Make Louisiana More Competitive


The first half of the 2020s has been marked by two dominant policy and political trends in state capitals: the expansion of school choice, coupled with the lowering and flattening of personal income tax rates. While these trends are poised to persist in the coming year, most lawmakers and governors will have to wait until 2025 to advance the next round of reforms. In Louisiana, however, lawmakers aren’t going to wait until the new year to overhaul their tax code in a way that will reduce income tax rates for individuals and employers.

On the first day of October, Governor Jeff Landry (R-La.) announced that he’s convening a special session of the Louisiana Legislature next month for the purpose of reforming the state tax code in a way that will lower income tax rates and broaden the sales tax base. Governor Landry is asking state legislators to approve ten bills comprising his tax reform package when they return to Baton Rouge for the November special session.

Advertisement

The current tax system in Louisiana assesses a 1.85% tax on the first $12,500 in earnings, while income between $12,500 and $50,000 is taxed at a 3.5% rate. Income above $50,000 is then taxed at a 4.25% rate. If Gov. Landry’s proposal is enacted, Louisiana would tax all income beyond $12,500 at a 3% rate. With the standard deduction raised to $12,500 under Landry’s proposal, income below that level would be free from taxation moving forward.

“This plan will provide an immediate increase in take-home pay for every Louisiana taxpayer,” Gov. Landry said of his proposal during the Oct. 1 press conference. Landry described his tax package as “moving from taxing your labor to your choices.”

Beyond the initial restructuring of state income tax brackets and rates, Governor Landry says his plan could put Louisiana on the path to completely phase out its personal income tax by 2030. “I hate income tax,” Landry said at the October 1 press conference, adding that “a man and woman’s labor should never be owned by the government.”

The goal of income tax elimination is appealing to many Louisianans who see the neighboring state of Texas, along with nearby Florida and Tennessee, thriving without any state income tax. In fact, those states have been experiencing some of the nation’s largest population gains in recent years.

Advertisement

Landry is not the only governor in the region working toward a phaseout of his state’s income tax. Arkansas Governor Sarah Sanders (R) and Mississippi Governor Tate Reeves (R) have not only declared their intention to repeal their state income tax, they’ve signed numerous rate-reducing bills making progress toward that goal.

Landry’s tax package would also repeal the corporate franchise tax and move the corporate income tax from a progressive structure with a top rate of 7.5% to a flat rate of 3.5%. Fewer than 20 states levy a corporate franchise tax and many of them have been working to phase those down in recent years.

“Governor Landry’s sweeping tax reform proposal will dramatically improve the state’s economic climate by providing a tax cut for every taxpayer, simplifying business taxes, broadening the tax base, and ending the punishing franchise tax,” says Daniel Erspamer, chief executive officer of the Pelican Institute for Public Policy, a Lousiana-based think tank. “When paired with meaningful restraint of recurring government spending, this plan will act as rocket fuel to the state’s economy and signal to the tens of thousands of our kids and grandkids who’ve left to find opportunity elsewhere – not to mention entrepreneurs and job creators – that Louisiana wants them back.”

Critics of Landry’s tax proposal have attacked it as one that benefits “the rich.” Landry administration officials have responded by pointing out how, under their proposal, upper income taxpayers would actually end up paying a greater share of income tax collections than is now the case.

In remarks to the Louisiana House Ways & Means Committee earlier this month, state Department of Revenue Secretary Richard Nelson testified that under Gov. Landry’s tax package, the richest 10% of Louisiana taxpayers would pay 61% of total income tax collections. Under the current tax system, the top 10% of filers pay approximately 55% of all income taxes.

Advertisement

In addition to legislative approval, Governor Landry’s plan also entails voter approval of a constitutional amendment to repeal local inventory taxes, consolidate funds, and make other changes. The start date for the November session has yet to be announced, but is expected to take place some time after Election Day. Should Landry’s tax package be adopted, Louisiana would head into 2025 with a tax code that is more regionally, nationally, and globally competitive than is currently the case.



Source link

Louisiana

This Japanese partnership will advance carbon capture in Louisiana

Published

on




Newlab New Orleans is deepening its energy-tech ambitions with a new partnership alongside JERA, Japan’s largest power generator, to accelerate next-generation carbon capture solutions for heavy industries across Louisiana and the Gulf Coast, The Center Square writes

The collaboration brings JERA Ventures into Newlab’s public-private innovation hub, where startups gain access to lab space and high-end machinery to commercialize technologies aimed at cutting emissions and improving industrial efficiency.

The move builds momentum as Newlab prepares to open its fifth global hub next fall at the former Naval Support Activity site, adding New Orleans to a network that includes Riyadh and Detroit. JERA’s footprint in Louisiana is already growing—from a joint venture on CF Industries’ planned $4 billion low-carbon ammonia plant to investments in solar generation and Haynesville shale assets—positioning the company as a significant player in the state’s clean-energy transition.

Advertisement

Read the full story. 

 





Source link

Advertisement
Continue Reading

Louisiana

Fed’s ‘Catahoula Crunch’ finished its first week in Louisiana 

Published

on




Federal immigration authorities are keeping a tight lid on key details as “Catahoula Crunch” closes its first week in southeast Louisiana, Verite writes.  

The operation—one of Department of Homeland Security’s largest recent urban crackdowns—began with raids at home-improvement stores and aims for 5,000 arrests, according to plans previously reviewed by the Associated Press. While DHS publicly highlighted arrests of immigrants with violent criminal records, AP data shows fewer than one-third of the 38 detainees in the first two days had prior convictions. 

Meanwhile, advocacy groups report widespread fear in Hispanic communities, with residents avoiding hospitals, schools, workplaces and even grocery stores amid sightings of federal agents.

Advertisement

Business impacts are already visible: restaurants and Hispanic-serving corridors like Broad Street appear unusually quiet, with staff shortages forcing menu cuts and temporary closures. School absenteeism has doubled in Jefferson Parish, and protests have spread across New Orleans and surrounding suburbs as local leaders demand transparency around federal tactics.

Read the full story





Source link

Advertisement
Continue Reading

Louisiana

Louisiana State Police hosts open house to recruit new troopers

Published

on

Louisiana State Police hosts open house to recruit new troopers


BATON ROUGE, La. (Louisiana First) — The Louisiana State Police is opening its doors throughout December, hosting open house events aimed at giving potential applicants a closer look at what it takes to become a state trooper.

Troop leaders said the goal is to recruit men and women who are prepared for the demands of the job and committed to serving their communities.

Troop A Public Information Officer Shelby Mayfield said the open houses are designed to make the application process more accessible.

“One of the reasons we generated these open houses was to allow our applicants to come in and get a look inside the troop, meet some state troopers from across the troop area, and ask whatever questions they may have to the recruiters who are present,” Mayfield said.

Advertisement

Along with information sessions, Mayfield said the events help future applicants better understand the daily responsibilities of law enforcement and the mindset troopers are expected to bring to the job.

“We want to make sure that that trooper knows how important officer safety is,” he said. “But more importantly, we want to make sure they go out there with a pure heart.”

The Louisiana State Police Training Academy is known for its rigorous curriculum that prepares cadets for real-world situations. From crash investigations to communication skills, instructors focus on developing well-rounded troopers who can serve safely and effectively.

Mayfield said applicants must be ready for a variety of interactions, not just emergencies.

“Not everything is going to be a high-intensity, rapidly evolving situation,” he said. “You need to be able to deal with the public to accomplish your job, and that’s why we preach not just getting the job done, but being able to relate to the public so you can meet their needs.”

Advertisement

The application deadline for Cadet Class 109 is Jan. 6, 2026. Mayfield encourages anyone who feels called to the profession to take the next step.

“If this is something you genuinely have in your heart to do, reach out to somebody when it’s convenient for you,” he said. “Even if you miss a deadline, never give up because it’s never too late.”

Open house events will continue throughout the month at troop locations across Louisiana. More information on Cadet Class 109 and the application process is available on the Louisiana State Police website.

Latest News



Source link

Advertisement
Continue Reading

Trending