House committee hears tax shift initiative details - KPLC 7 News, Lake Charles, Louisiana

House committee hears tax shift initiative details

Posted: Updated:
Louisiana House Ways and Means Committee Louisiana House Ways and Means Committee
  • More Local NewsLocalMore>>

  • AAR signs deal with major company

    AAR signs deal with major company

    Monday, July 28 2014 8:40 PM EDT2014-07-29 00:40:46 GMT
    AAR says it has signed with a major carrier to begin employing mechanics in Lake Charles in the next few months. More >>
    AAR says it has signed with a major carrier to begin employing mechanics in Lake Charles in the next few months.  More >>
  • 7 On your side: Senior citizen victimized by loan scam

    7 On your side: Senior citizen victimized by loan scam

    Monday, July 28 2014 8:18 PM EDT2014-07-29 00:18:02 GMT
    Yet another local woman taken by an advance fee loan scam. And...as is so often the case, it's a senior citizen who can least afford to lose the money. "What I had to do was get a green dot money card and put $250 on it to show them in good faith that I would have the money every month to pay the note back because they were loaning me the money," said June Montalbano.It all started with a mailing offering a loan. Montalbano wanted to borrow some money to pay some bills and lower her monthly p...More >>
    Yet another local woman taken by an advance fee loan scam. And...as is so often the case, it's a senior citizen who can least afford to lose the money. "What I had to do was get a green dot money card and put $250 on it to show them in good faith that I would have the money every month to pay the note back because they were loaning me the money," said June Montalbano.It all started with a mailing offering a loan. Montalbano wanted to borrow some money to pay some bills and lower her monthly p...More >>
  • Role players make situational training possible at Fort Polk

    Role players make situational training possible at Fort Polk

    Monday, July 28 2014 8:14 PM EDT2014-07-29 00:14:54 GMT
    Situational training is underway at Marghoz, the fictional village inside Fort Polk where soldiers practice for overseas missions. Before soldiers even step foot on the scene, there are role players preparing for their arrival.More >>
    Situational training is underway at Marghoz, the fictional village inside Fort Polk where soldiers practice for overseas missions. Before soldiers even step foot on the scene, there are role players preparing for their arrival.More >>
BATON ROUGE, LA (WAFB) -

The Louisiana House Ways and Means Committee is one of the first bodies that will hear details about the proposed tax shift initiative slated for the upcoming legislative session.

Members received three draft versions of a plan endorsed by Gov. Bobby Jindal to do away with the state's personal and corporate income taxes. The plan calls for an increase in sales taxes and the addition of other service taxes to make up the difference.

Louisiana Department of Revenue officials discussed Tuesday morning, among other advantages, the attraction of no personal income taxes.

"If you're trying to recruit an individual per se...and you're competing against Texas, where they are not subject to income tax, and Louisiana, you are at somewhat of a disadvantage and we hope to narrow that gap," said Jason Decuir with LDR.

The plan also includes the Louisiana Family Assistance Rebate Program that reportedly will compensate people who make less than $15,000 a year. This plan rebates those families the additional sales taxes they will pay with the new plan.

Copyright 2013 WAFB. All rights reserved.

Powered by WorldNow