The centerpiece of Governor John Bel Edwards' plan to overhaul's Louisiana tax code is expected to be filed today. The measure has been referred to as a gross receipts or Commercial Activity Tax. Publisher of lapolitcs.com, Jeremy Alford, says there's very little support for this new tax on businesses.
With the special session set to end Wednesday night, lawmakers are scrambling to come up with a plan to address the state's large budget deficit. There's talk about increasing Louisiana's four-cent sales tax by as much two-cents, but Governor John Bel Edwards believes the tax burden should be spread out, impacting businesses as well.