House passes constitutional amendment bill that could alter state’s tax code

(The Center Square) — The Louisiana House of Representatives has passed a bill from Rep. Julie Emerson, R-Lafayette, which could overhaul Article 7 of the state’s constitution.

The bill passed 81-15 and will now head to the Senate. If it passes the Senate, it will require Gov. Jeff Landry’s signature and will be on the ballot for voter approval in March.

Article 7 defines the state’s taxation policy, the mechanisms for taxation and allows for certain tax exemptions, rebates or exclusions.

The rewrite will remove various exemptions and require that the Legislature secure a two-thirds vote in the House and Senate to approve any new exemptions. It will also consolidate various state funds, and use any savings to provide teachers with a permanent $2,000 pay raise.

Currently, teachers can acquire a stipend of $2,000. House Bill 5, which is tied to the constitutional amendment, will make this pay raise permanent. House Bill 5 was heard by the Education committee today, and was reported favorably.

Even with the pay raise, Louisiana teachers will still make $15,000 less than the national average.

Many of the other bills in the tax reform package are tied to the constitutional amendment. Without the passage of the Article 7 overhaul, many provisions in the other bills may be unable to pass.

Tied to the constitutional amendment are House Bills 5, 11, and 12. Provisions of the flat income tax rate and doubling the standard deduction for senior citizens are also tied to the Article 7 overhaul.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Early projection adds U.S. House seat for North Carolina

(The Center Square) – North Carolina population has exceeded...

Report: Wisconsin’s per capita total debt lowered from 2020 to 2022

(The Center Square) – Wisconsin went from $4,844 in...

Over 2M Americans could see expanded Social Security benefits

(The Center Square) — Congress concluded a decades-long effort...

National debt grew by $2.5 trillion in 2024; projected to rise

As 2025 approaches, America’s fiscal health is in serious...

Pritzker touts rising minimum wage as Illinois’ unemployment rate has increased

(The Center Square) – Illinois employers are bracing for...

Lawsuit filed against Minnesota for barring Christian schools from using program

(The Center Square) – A religious liberty group, Christian...

Bah, humbug! Rand Paul report details ‘waste’ in federal spending

Congress and federal agencies wasted more than $1 trillion...

More like this
Related

Early projection adds U.S. House seat for North Carolina

(The Center Square) – North Carolina population has exceeded...

Report: Wisconsin’s per capita total debt lowered from 2020 to 2022

(The Center Square) – Wisconsin went from $4,844 in...

Over 2M Americans could see expanded Social Security benefits

(The Center Square) — Congress concluded a decades-long effort...

National debt grew by $2.5 trillion in 2024; projected to rise

As 2025 approaches, America’s fiscal health is in serious...