Louisiana Governor Calls Special Session to Address Fiscal Cliff
February 09, 2018 --
DALLAS, Feb. 9, 2018 /PRNewswire/ -- On February 19, 2018, the Louisiana Legislature will convene for 17 calendar days in a special session called by Governor John Bel Edwards to address the state's estimated $1 billion budget shortfall for fiscal year 2018–2019. The special session will begin at 4:00 p.m. on February 19, 2018, and conclude no later than midnight on March 7, 2018.
In his call for the special session, Governor Edwards gave the Legislature specific items to consider for closing the budget gap. Of the 17 objectives noted in the call, many are revenue-raising measures, including:
- Adjustments to the imposition, collection, and remittance of sales and use taxes
- Adjustments to sales and use tax exemptions for business utilities
- Adjustments to state income tax brackets
- Adjustments to the types of services subject to sales and use tax
- Adjustments to various tax credits, deductions, and rebates
- Modifications to Act 109 of 2015
- Modifications to Act 123 of 2015
- Modifications to Act 126 of 2015
- Adjustments to state personal income tax deductions
The Governor's call can be viewed in its entirety on the state's website.
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