3.3.21 – Daily Advertiser
Louisiana Association of Business and Industry President and CEO Stephen Waguespack said phasing out the state’s inventory and franchise taxes, lowering its income tax and centralizing sales tax collections will be on the organization’s wish list for the 2021 regular session, which begins April 12.
During his presentation, Waguespack outlined six outcomes LABI is hoping to see from the legislative session: a simplified tax code for individuals and businesses, phasing out the inventory tax, phasing out the franchise tax, centralized sales tax collections, severance tax relief, and significant investments in infrastructure.