Jindal-backed tax breaks near final passage - KPLC 7 News, Lake Charles, Louisiana

Jindal-backed tax breaks near final passage

By MELINDA DESLATTE
Associated Press

BATON ROUGE, La. (AP) - A package of tax breaks sought by Gov. Bobby Jindal is nearing final legislative passage in the Louisiana House, but with more restrictions for their use than when they were proposed.

Lawmakers in the Senate added several hurdles before the tax breaks could be used, with senators saying they want to make sure the tax breaks generate new jobs rather than just give money away to businesses that would have come to Louisiana anyway.

The bills by Republican Rep. Joel Robideaux, of Lafayette, would give the state's economic development chief limited ability to offer three new tax breaks to businesses that are considering whether to relocate or expand in Louisiana. Those include rebates for payroll, relocation costs and corporate income and franchise taxes.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly