IncSmart Louisiana (Small Business and Startups) -
Tax breaks for Louisiana. As Louisiana lawmakers worry about the huge loss of tax revenue, they hare hoping the breaks to small business will spur more companies to stay open and hire. With the new closures of business taking effect, this will help the ones struggling the most. The more business that close, the more tax revenue disappears.
The Louisiana tax breaks include tax credits, exemptions and incentive programs. The special session in Baton Rouge was to help with the Wuhan Virus epidemic on local business. But with the recovery bill on tax breaks, comes a loss of income from the Treasury. The Governor is worried about the state budget. The loss of tax collections will take over 5 years to recover.
By IncSmart Staff
Starting a Business in Louisiana - Louisiana Corporation - Louisiana LLC
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