Louisiana tax swap plans win final passage to reach ballot
BATON ROUGE, La. (AP) — A long-recommended proposal to untie Louisiana’s income tax collections from federal tax payments won passage from lawmakers on the legislative session’s last day and will head to voters for a decision on the October ballot.
The proposal would get rid of personal income tax and corporate tax deductions for federal income taxes paid in exchange for lowering the state’s income tax rates.
Gov. John Bel Edwards could scuttle the overhaul if he vetoes individual pieces of a package that requires all measures to pass to take effect.
Edwards has broadly supported the tax swap concept for years. But he hasn’t announced a public position on the specific package of bills.
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