On May 11, HB 199, which is the first of a package of bills to streamline the state’s sales tax system, cleared another hurdle, passing through the Louisiana Senate. Authored by House Speaker Clay Schexnayder, HB 199 seeks to streamline the state’s outdated sales tax collection system, in the hope of bringing Louisiana closer to practices seen in other states throughout the country.
As a whole, the tax reform package has received much support from leadership throughout the state and the legislature. House Speaker Schexnayder said, “We have spent a great deal of time working on this solution to our outdated sales tax collection system. Democrats and Republicans alike can recognize the benefits of these efforts, and the support we have seen throughout the legislature with the passage of this first incentive is proof.”