Louisiana Eyes Tax Reform
With tax reform being a goal of Governor Bobby Jindal in the 2013 Louisiana legislative session, the Louisiana Department of Revenue and Louisiana Economic Development have released a report that outlines the Louisiana tax structure, and offers ideas for possible reform efforts. Stating what should be obvious, the report concluded that the “ideal tax structure…is…one with a broad base, low and flat rates, multiple revenue sources, and few exemptions.” Governor Jindal has designated Revenue Secretary Tim Barfield, Jr. as the leader of his administration’s effort to reform the Louisiana tax structure.