The Louisiana Legislature advanced a bill that would provide for an income tax cut for all workers in the state. There is concern over how the state will make up the lost revenue. HB1 in the special session would change the tiered individual income tax system to a flat 3%.

Louisiana’s GOP-dominated House of Representatives has overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment

Jeff Landry’s complicated tax package continued to power forward Wednesday as a key legislative committee approved more than $1 billion in new sales taxes. That money would mostly offset the House’s decision the day before to cut income taxes and repeal the corporate franchise tax.