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Louisiana Senate backs budget, $540M in taxes to finance it

“The House backed a sales tax bill that would renew one-third of an expiring 1 percent sales tax, eliminate some sales tax breaks and continue sales tax charges on business utilities” writes Melinda Deslatte for seattletimes.com. The Senate passed a 4.5 percent sales tax rate and eliminated further sales tax breaks.Senators voted 38-1 Sunday night for the budget proposal and then later backed the centerpiece sales tax bill with a 29-9 vote.Louisiana’s state sales tax rate currently is 5 percent, dropping to 4 percent on July 1.If enough taxes aren’t passed by lawmakers to pay for the budget proposal, certain portions of the bill would take pro-rata, across-the-board cuts.
 
Source: seattletimes.com



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