Gov. Jeff Landry's plan would reduce tax rates but could expand the service tax
NFIB State Director Leah Long released the following statement in response to Gov. Jeff Landry’s tax plan to “Move Louisiana Forward”:
“The devil is always in the details, but we’re encouraged by Governor Landry’s commitment to reducing, and in some cases, eliminating the state income tax.
“Lowering or removing the personal income tax would help small businesses because many of them are organized as pass-through entities, meaning any profits pass through the business to the owner, who pays taxes at the individual rate.
“But adding new sales taxes on services that have never been taxed before could be a burden on the smallest business owners. Many of them are unfamiliar with our already complicated sales tax system. We urge caution when deciding how to expand the sales tax base. For example, a local mobile dog groomer has far fewer resources to handle sales tax compliance than a national pet store chain.”
“NFIB looks forward to working with Governor Landry and legislative leaders to pass legislation that helps Louisiana’s job creators during these uncertain times.”
