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TAX LAW NEWS - TAX LITIGATION
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As state lawmakers continue the budget battle, a think-tank out of Washington warns that Louisiana could see revenues decrease by about $191 million. It’s due to a change in federal tax law that gives businesses a break at the expense of state budget revenues.
The federal tax law is an incentive that allows businesses to write [...]
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More than 438,000 Louisianians live in households that will qualify for $1.75 billion worth of federal income tax credits that go into effect in 2014 to help cover certain health-care insurance premiums, according to a study from a national consumer advocacy group.
The report from Families USA, a left-leaning Washington, D.C., think tank that advocates for [...]
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Louisiana’s Supreme Court said Tuesday that several interstate gas pipeline companies have failed to prove a state tax law unconstitutional, a decision a lawyer for state tax assessors said eventually could free about $70 million in taxes the companies paid under protest.
The companies challenged state law that subjects them to taxes on property assessed at [...]
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Louisiana Gov. Bobby Jindal approved $4.9 million in tax breaks for ports, sportsmen and other groups for this year, though that figure will balloon to an estimated $30.3 million in 2010 when additional tax breaks take effect.
In all, Jindal on Thursday signed nine tax-break bills, most of which don’t take effect until July 1, 2010: [...]
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