Gov. Jindal Proposes to Eliminate Personal & Corporate Income Taxes
By: Staff
Updated: January 10, 2013
Louisiana Governor Bobby Jindal wants to do away with personal and
corporate income taxes, but a raise in sales tax could also happen.
Governor Jindal released this statement Thursday:
"Eliminating personal income taxes will put more money back into the pockets of Louisiana families and will change a complex tax code into a more simple system that will make Louisiana more attractive to companies who want to invest here and create jobs.
"Tax reform will remove administrative burdens from families and small businesses and improve Louisiana's business prospects; create more business investment opportunities with increased job growth; and raise the state's profile in national business rankings.
"The bottom line is that for too long, Louisiana's workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity. It's time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs."
The proposal would be debated in the legislative session that begins April 8.
Gov. Jindal will meet with state legislators over the next few weeks to talk about the plan.
Governor Jindal released this statement Thursday:
"Eliminating personal income taxes will put more money back into the pockets of Louisiana families and will change a complex tax code into a more simple system that will make Louisiana more attractive to companies who want to invest here and create jobs.
"Tax reform will remove administrative burdens from families and small businesses and improve Louisiana's business prospects; create more business investment opportunities with increased job growth; and raise the state's profile in national business rankings.
"The bottom line is that for too long, Louisiana's workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity. It's time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs."
The proposal would be debated in the legislative session that begins April 8.
Gov. Jindal will meet with state legislators over the next few weeks to talk about the plan.
