It was a busy first year in office for Governor Jeff Landry. Landry got lawmakers to pass legislation that seeks to reduce crime, he also got lawmakers on board with a school choice bill, and he capped off 2024 by getting lawmakers to approve a major overhaul of the state’s tax code…
“Reduce our income tax, move 15 spots in the Tax Foundation’s rankings while averting budgetary problems next year under which we were only able to cut from higher ed, education, and health care.”
Landry says the tax reform legislation will lower everyone’s income taxes on January 1st, but it will also increase the state sales tax to five percent. He says the tax reform plan will also eliminate the corporate franchise tax and help lure new businesses to the state, while also helping the ones currently here…
Part of the tax reform plan still needs voter approval and a Constitutional Amendment revising Article Seven of the state constitution will go before voters in March. Landry says there’s a lot packed into that amendment, including a permanent increase to teacher salaries…
“…paying down debt and using the savings from that debt payment to be able to give our teachers a permanent pay raise. We doubled the standard deductions for seniors inside of that constitutional amendment as well. We paved the way to eliminated the inventory tax to help our businesses.”
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