Gov. Jeff Landry has called lawmakers to Baton Rouge to vote on a host of tax reform proposals
NFIB State Director Leah Long said today that the upcoming special session on tax reform could have a big impact on Louisiana’s small businesses. Over the weekend, Gov. Jeff Landry called for the session to start on Wednesday, Nov. 6.
“Governor Landry’s order includes a wide range of tax issues, from sales and income taxes to doing away with the inventory tax credit,” Long said. “While new incentives and tax credits could help small businesses struggling with inflation and higher labor costs, there’s also a chance that proposed changes to the tax code could increase the cost of doing business.
“Additionally, our neighboring states have consistently cut individual income tax rates without offsetting or revenue-raising measures. Louisiana must figure out how to be competitive to keep and attract the best and brightest.
“Louisiana has needed tax reform for a long time, but it’s the details that matter. The bills that end up on the governor’s desk could be a lot different than the legislation introduced at the beginning of the session. We will be watching closely and urging legislators not to pass anything that would raise costs or make it harder for Louisiana’s Main Street businesses to grow, create jobs, and serve their communities.”
