tax credit

Louisiana homeowners can now get a $10,000 tax credit if they install a fortified roof on their home. Lawmakers passed, and Gov. Jeff Landry signed Act 404, which created the individual income tax credit. The law went into effect earlier this month.

The special session on tax reform is expected to wrap up Friday after lengthy negotiations over the last two weeks.

The goal of the session is to lower personal and corporate income tax rates and make Louisiana a more attractive place to live and do business. But the decrease in revenue for the state budget means sales taxes on more goods and services must be implemented and or raised.

Lawmakers adjourned early Monday after they failed to reach a consensus on what should be taxed, as Gov. Jeff Landry attempts to overhaul the state’s tax code.

A bill to increase a tax credit program by $47-million dollars found favor with the House Ways and Means Committee Tuesday. Speaker Pro Tem Walt Leger’s…

Governor Jindal’s tax overhauls, presented to the legislature Thursday morning, include nixing almost 200 exemptions, and tweaking a few others – like the…