Tax credit

November 02, 2017 - 10:02 am
The House GOP tax plan would require some upper-income taxpayers to pay a higher top rate under a new rate structure. The result would be to increase the tax burden on those subject to a lower rate under the current system. Families earning more than $260,000 now have a top rate of 33 percent. They...
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June 29, 2017 - 8:58 pm
BATON ROUGE, La. (AP) -- Louisiana will spend up to $15 million to clear a backlog of tax credits for homeowners who paid thousands to add solar panels to their property only to see the state abruptly end the tax breaks they expected to offset much of the cost. Residents called it unfair to change...
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June 02, 2017 - 3:19 pm
WWL.com Reporting A measure to revamp the film tax credit program is nearing final legislative passage as it heads back to the Senate for approval on changes made by the House. The lower chamber overwhelmingly supported this bill, as it passed on an 89-8 vote. But Slidell Representative Kevin...
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April 17, 2017 - 5:51 pm
(AP) _ The Louisiana Senate will consider proposals to whittle away at Louisiana's tax break programs to keep more money in the state treasury for spending. The Senate Revenue and Fiscal Affairs Committee advanced a handful of bills Monday to the full Senate that would lessen or eliminate tax...
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April 11, 2017 - 10:45 am
(WWL.com) Another study by LSU economist Dr. Loren Scott finds the return isn’t there when it comes to state’s film tax credits program as the report shows it causes a significant hit to Louisiana’s budget. Scott says the return of investment was 22% in 2016. “The film tax credit resulted in a net...
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