Post by pavel on Jan 23, 2016 15:17:44 GMT -6
9 tax increases Gov. John Bel Edwards proposes for Louisiana consumers
Nine of the items included in Gov. John Bel Edwards' menu of tax options released earlier this week would affect consumers, rather than the corporate community, and are meant to go into effect as soon as possible.
At least five of those nine new taxes -- including those on cigarettes and alcohol -- would be implemented very soon, April 1, if the governor gets his way.
Two more would apply to individual income earned in the current calendar year, with withholding from paychecks likely to start in May or July. Most people would really notice the change in early 2017, when they file their 2016 state tax paperwork, according to Kimberly Robinson, Louisiana's Department of Revenue secretary.
The Edwards administration says new tax revenue is needed as soon as possible in order to help the state cope with its current financial crisis. Louisiana needs to find an additional $700 million to $750 million by June 30 to close a budget hole in its 2015-16 financial plan.
Read more: www.nola.com/politics/index.ssf/2016/01/louisiana_new_taxes_proposed.html#incart_most-read_politics_article
Nine of the items included in Gov. John Bel Edwards' menu of tax options released earlier this week would affect consumers, rather than the corporate community, and are meant to go into effect as soon as possible.
At least five of those nine new taxes -- including those on cigarettes and alcohol -- would be implemented very soon, April 1, if the governor gets his way.
Two more would apply to individual income earned in the current calendar year, with withholding from paychecks likely to start in May or July. Most people would really notice the change in early 2017, when they file their 2016 state tax paperwork, according to Kimberly Robinson, Louisiana's Department of Revenue secretary.
The Edwards administration says new tax revenue is needed as soon as possible in order to help the state cope with its current financial crisis. Louisiana needs to find an additional $700 million to $750 million by June 30 to close a budget hole in its 2015-16 financial plan.
Read more: www.nola.com/politics/index.ssf/2016/01/louisiana_new_taxes_proposed.html#incart_most-read_politics_article