News Alert: Homestead exemption to apply to transit tax
The homestead exemption will apply to the transit tax passed in Baton Rouge and Baker April 21 after all. Before the vote, the public was told the exemption would not apply because the measure was a municipal tax, even though the Capital Area Transit System, which will benefit, is not a municipality. However, the Louisiana Attorney General's office has issued an opinion stating that it should in fact apply. According to estimates received by Together Baton Rouge, an interfaith coalition that supported the tax, applying the homestead exemption will mean a reduction in the amount of dedicated revenue of between $2.5 and $3 million, meaning a total dedicated revenue of about $14.2 to $14.7 million.
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