|Posted on 7/23/2018 2:21:00 PM.|
Major state sales tax holidays have been suspended as a result of the tax deal cut during the last special session. School supply, hurricane preparedness, and the “Second Amendment” tax holiday have been put on hold for the next seven years.
Director of Special Projects at the Tax Foundation Nicole Kaeding says despite their popularity, the holidays don’t spur additional economic activity.
|Tax Foundation, State sales tax, tax holiday|
|Posted on 7/17/2018 9:09:00 AM.|
Due to the partial renewal of a temporary penny state sales tax and a tax rate drop in St. Tammany Parish, Louisiana no longer holds the dubious distinction of the highest sales tax rate when combining state level and the average local sales tax rate.
|Sales Tax, Tax Foundation, Scott Drenkard, St. Tammany Parish|
|Posted on 6/22/2018 11:34:00 AM.|
The U.S. Supreme Court has ruled that states will now be able to collect sales taxes from online sales. The ruling gives states the authority to receive sales tax revenues on purchases made by consumers with a business that has no physical presence in that state.
However, Tax Foundation spokesperson John Buhl says Louisiana’s sales tax laws are too complex for them to take advantage of this ruling.
|U.S. Supreme Court, Sales taxes, John Buhl, Tax Foundation|
|Posted on 3/7/2018 4:58:00 AM.|
The Trump Administration is backing a plan to impose tariffs on steel and aluminum imports. The plan is aimed at making American metal production more competitive at home.
|Tariffs, Tax Foundation, Scott Drenkard|
|Posted on 12/2/2017 10:18:00 AM.|
Louisiana's U.S. Republican Senators voted for a tax reform bill approved on a 51-49 vote. Senator Bill Cassidy says it will cut taxes for working families in Louisiana. John Kennedy says the non-partisan Tax Foundation says Louisiana will see an increase of 12,000 jobs and the average family will gain $1,800 in after-tax income.
|John Kennedy, Bill Cassidy, U.S. Senator, Tax Foundation, tax cut, tax reform, Louisiana Budget Project|
|Posted on 10/18/2017 2:31:00 AM.|
According to the Tax Foundation’s State Business Tax Climate Index, Louisiana ranks 42nd on tax competitiveness. Senior Policy Analyst Jared Walczak says the reason for this low rating is because the Bayou State has one of the nation’s most complex tax structures. He says Louisiana has a number of taxes that most states have foregone.
|Tax Foundation, tax competitiveness, Jared Walczak|
|Posted on 7/6/2017 6:36:00 PM.|
The Tax Foundation has updated its national review of sales tax rates and Louisiana continues to rank number one with a combined state and local sales tax rate averaging just above 10%. Director of state projects for the Tax Foundation, Scott Drenkard, says Louisiana has one of the highest local sales tax rates in the nation.
|Tax Foundation, sales tax, Scott Drenkard|
|Posted on 2/1/2017 3:56:00 AM.|
The Tax Foundation releases data on what each state imposes when it comes to state and local sales taxes, and Louisiana leads the nation with a rate of 9.98-percent. Vice President for State Projects Joe Henchman says having a high rate is okay for states if it’s managed well and residents can afford it. But he says that’s not the case in Louisiana.
|Tax Foundation, sales tax, Joe Henchman|
|Posted on 7/15/2015 4:04:00 AM.|
Louisiana has moved past Alabama for the third highest average combined state and local sales tax. That's according to the Tax Foundation, who puts together a report every July on sales tax rates. Economist Scott Drenkard says Louisiana ranks high on their list, because it has the highest average local tax rate in the country.
|Tax Foundation, sales taxes, homestead exemption|