Primer on Louisiana tax structure released by state agencies

The Louisiana Department of Revenue and LED this morning released a primer on Louisiana’s tax structure that the agencies say is intended to inform deliberations on tax reform leading up to the 2013 legislative session. Gov. Bobby Jindal has indicated reforming the state’s tax structure will be his top legislative priority next year, and he has tapped Tim Barfield at LDR as the administration’s tax reform leader. The primer provides an overview of Louisiana’s tax structure for individuals, families and businesses while detailing the various rankings of Louisiana’s tax competitiveness relative to other states. The document also summarizes the more than 460 state tax exemptions used by individuals, families and businesses. “Tax reform represents a major opportunity for us to improve the reality and national perception of our business climate in a budget-neutral fashion, which will enable us to better support the retention and growth of our existing businesses as well as to more easily attract new business investment and jobs in the future,” says LED Secretary Stephen Moret. You can see the complete 43-page report here.