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fiscal cliff

SARAH GAMARD/LSU MANSHIP SCHOOL NEWS SERVICE

The Louisiana House backed a proposal Thursday to begin rolling back the temporary sales tax extension that was the solution to last year’s budget deficit. That compromise took several special sessions to reach. 

Wallis Watkins

Facing a steep drop in state revenue last year, the Louisiana Legislature agreed to partially extend the state sales tax by .45% until 2025. But as the state’s finances have moved from deficit to surplus, some Republican lawmakers are reconsidering the temporary tax. 

SARAH GAMARD/LSU MANSHIP SCHOOL NEWS SERVICE

It took three special sessions for the Legislature to resolve the state’s fiscal cliff earlier this year. After months of deadlock, state lawmakers finally added slightly less than half a penny to the 4% sales tax rate in order to stave off a budget deficit. But in light of a budget surplus and the potential for increased revenue, some lawmakers are reconsidering that sales tax rate. 

Sarah Gamard/LSU Manship School News Service

As the Legislature was wrapping up sales-tax negotiations Sunday, the debate over long-term structural tax reform in Louisiana showed little sign of slowing down. 

Jessica Rosgaard / WWNO

After months of deadlock, lawmakers have finally agreed on a solution to the fiscal cliff, avoiding major cuts to state services and bringing an early end to the third special session.

Female Legislators Play Key Role In Budget Compromise

Jun 24, 2018
Sarah Gamard/LSU Manship School News Service

When Rep. Paula Davis put forward a compromise Friday to resolve an epic fight over funding state government, a fellow Republican proposed an amendment that could have placed the bill in jeopardy.

As Rep. Raymond Crews, R-Shreveport, approached the podium, Davis firmly shook her head no and repeatedly told him, “Do not do this.” Several members came rushing over to support her, and Crews backed off, prompting applause from other legislators.

Sarah Gamard/LSU Manship School News Service

Lawmakers in Louisiana’s House reached a bipartisan compromise Friday, ending a months-long stalemate over taxes. The House narrowly approved setting the state sales tax rate at 4.45% starting July 1. That rate would stay in place for 7 years - until 2025.

Wallis Watkins

The United States Supreme Court handed down a ruling Thursday that threw a curveball into tax negotiations inside the Louisiana Capitol. 

Democrat Lamar White and Republican Darrell Glasper (pictured) exchange views on President Trump and Governor Edwards as the special legislative session enters its final week.

Capitol Bureau chief Mark Ballard of The Advocate on the action in House committees Thursday to address the fiscal cliff.

 

 


Sarah Gamard/LSU Manship School News Service

Lawmakers continue to debate how many tenths of a penny should remain as part of the state's sales-tax rate. On Wednesday, a House committee advanced three options. 

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