A House committee won’t vote until next
week on a proposal to eliminate Louisiana’s income tax.
Representative Hunter Greene, chairman of the House’s tax
committee, said the vote will come on Monday, so that members will
be able to assess the coming revenue from the energy industry. The
state’s income forecasting panel, called the Revenue Estimating
Conference, meets Friday to revise its income estimates.
Greene, a Baton Rouge Republican, held a hearing Thursday
evening to discuss the bill that would do away with income tax. The
sponsor, Senator Buddy Shaw, a Republican from Shreveport, said he
wants the tax cut bill returned to its earlier form: a $302 million
income tax break that would affect every taxpayer who earns more
than $12,500 per year.