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Committee adopts amendment to shift parish-level tax exemption data into industry-level business tax benefit report
Summary
The Ways and Means Committee adopted an amendment to Senate Bill 318 that removes parish-level reporting from the annual Tax Exemption Budget and creates a separate business tax benefit report organized by NAICS code; the bill was reported as amended.
Senate Bill 318, introduced on behalf of Senator Reese, would change how Louisiana reports tax exemptions by removing parish-level breakdowns from the annual Tax Exemption Budget and creating a separate Business Tax Benefit Report due each September.
The sponsorpresenter told the committee the Department of Revenue collects a massive amount of data and currently has to allocate businesses to a single parish, which can skew parish-level…
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