Jindal plan could boost business tax costs - KALB-TV News Channel 5 & CBS 2

Jindal plan could boost business tax costs

Posted: Updated:

BATON ROUGE, La. (AP) - Gov. Bobby Jindal's leader on his tax rewrite says the plan would shift $500 million in tax costs from individuals to businesses.

Tim Barfield, executive counsel for the Department of Revenue, says companies will benefit from the simplicity and stability of the rewritten tax laws.

Lawmakers questioned Tuesday whether the increased tax costs would get passed on to those companies' customers. Barfield acknowledged that could happen.

The House Ways and Means Committee is combing through the details of Jindal's proposal to eliminate state income taxes in exchange for higher sales taxes charged on more items.

Barfield also outlined plans for a rebate program that would help offset increased sales tax costs on low-income residents. He says it would be run through the same system as welfare benefits and food stamps.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Rapides crash kills Pineville man

    Rapides crash kills Pineville man

    Sunday, April 20 2014 8:37 PM EDT2014-04-21 00:37:35 GMT
    RAPIDES PARISH (KALB News Channel 5) -- A crash involving two vehicles killed a man from Pineville, LA Sunday morning.More >>
    RAPIDES PARISH (KALB News Channel 5) -- A crash involving two vehicles killed a man from Pineville, LA Sunday morning.More >>
  • Ruby Wise Spring Carnival

    Ruby Wise Spring Carnival

    Sunday, April 20 2014 11:34 PM EDT2014-04-21 03:34:33 GMT
    (KALB News Channel 5) - We went out to the Ruby Wise Elementary Spring Carnival to see how they celebrate the warmer weather!More >>
    (KALB News Channel 5) - We went out to the Ruby Wise Elementary Spring Carnival to see how they celebrate the warmer weather!More >>
  • Massive Traffic Crash on I-10 in Beaumont, TX

    Massive Traffic Crash on I-10 in Beaumont, TX

    (Beaumont, TX- KBMT) Interstate 10 remains closed in both directions between Taylor Bayou and Hamshire Road (at Mile Marker 835) in Beaumont, Texas, because of a multiple vehicle accident with numerousMore >>
    (Beaumont, TX) - Investigators believe fog is to blame for a massive pile-up on Interstate-10 involving more than 100 vehicles on Thanksgiving Day. At least two people were killed and dozens of injuries have been reported.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.