The state Senate passed a package of legislation Tuesday that would repeal Louisiana’s corporate franchise tax and offset lost tax revenue by slashing the Quality Jobs Program. The first of the two bills by Sen. Brett Allain, R-Franklin—Senate Bill 1—reduces the corporate franchise tax in equal increments over a four-year period beginning in 2025. The
Senate passes tax package repealing corporate franchise tax
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
