Louisiana Governor Calls Special Session to Address Fiscal Cliff
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.
The Ryan Advocacy practice will have a full team of professionals engaged in tracking and monitoring all tax policy issues.
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multi-disciplinary team of more than 2,100 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network, and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.
TECHNICAL INFORMATION CONTACTS:
View original content with multimedia:http://www.prnewswire.com/news-releases/louisiana-governor-calls-special-session-to-address-fiscal-cliff-300596726.html