- Governor Landry’s Comprehensive Reform Package: The current fiscal reform package is built on 40 years of research and expert recommendations. It includes 10 bills, with key structural reforms requiring constitutional changes, such as:
- Eliminate uncompetitive taxes, such as the Franchise and Inventory Taxes.
- Broaden tax bases by eliminating preferences and reducing rates.
- Simplify the tax code with fewer carve-outs and flat income tax rates.
- Give the legislature greater spending flexibility by removing dedications and unlocking funds.
- Accelerate debt payments to free up recurring general fund revenue.
- Goal of Louisiana Forward: If passed, the reform package would provide Louisiana with long-term fiscal stability and one of the most competitive tax codes in the nation, positioning the state as an economic powerhouse in the South.
What They’re Saying
How Louisiana Forward Affects You:
- Report on Parish Sales and Severance Tax Revenue Impact
- Primer on Louisiana Tax Structure 2024
- Fiscal Reform Plan
- Positioning Louisiana to Win
- Revenue for Local Government
- Tax Relief for Senior Citizens
- Lowering the Cost of Prescription Drugs
- Supporting Our Schools
Tax Reform Fiscal Projections Memo:
Louisiana Forward Special Session Bill Drafts:
- Draft Ad Valorem Tax Bill
- Draft Article VII Rewrite Bill
- Draft Individual Income Tax Bill
- Draft Corporate Franchise Tax Bill
- Draft Corporate Income Tax Bill
- Draft Digital Products Bill
- Draft Taxable Services Bill
- Draft Sales Tax Clean Up Bill
Louisiana Forward Special Session Fiscal Memo Drafts:
- Draft Fiscal Memo Ad Valorem Tax
- Draft Fiscal Memo Corporate Franchise Tax
- Draft Fiscal Memo Corporate Income Tax
- Draft Fiscal Memo Services
- Draft Fiscal Memo Digital Products
- Draft Fiscal Memo Individual Income Tax
- Draft Fiscal Memo Sales Tax Clean Up