Edwards' gross receipts tax pitch is made
By Sam Karlin / Manship School News Service
BATON ROUGE — Gov. John Bel Edwards on Wednesday unveiled a far-reaching tax plan to fix a $1.2 billion fiscal precipice the state is approaching next year, calling for a departure from how businesses are currently taxed and cutting income taxes for most Louisiana residents.
A key part of the plan is the addition of a commercial activity tax (CAT), essentially a 0.35 percent tax on gross receipts for busine...
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