Louisiana Lawmakers Pass Flat Income Tax, Franchise Repeal Plan

The Louisiana Legislature on Friday approved scaled-down versions of Gov. Jeff Landry’s tax cuts for personal and corporate rates, finalizing a deal in the closing days of the special session.

The House and Senate advanced a negotiated tax package that flattens personal and corporate income tax rates and does away with the state’s corporate franchise tax. The cuts would be funded by a sales tax increase and taxation of digital goods. Lawmakers initially considered expanding the sales tax base to include 40 new services (HB 9), such as pet grooming, personal fitness, lobbying, and dating services, but dropped ...