Tax Reform

Goal of Louisiana Forward

If passed, the reform package would provide Louisiana with long-term fiscal stability and one of the most competitive tax codes in the nation, positioning the state as an economic powerhouse in the South.

Governor Landry’s Comprehensive Reform Package

• The current fiscal reform package is built on 40 years of research and expert recommendations. It includes 10 bills, with key structural reforms requiring constitutional changes, such as:
• Eliminate uncompetitive taxes, such as the Franchise and Inventory Taxes.
• Broaden tax bases by eliminating preferences and reducing rates.
• Simplify the tax code with fewer carve-outs and flat income tax rates.
• Give the legislature greater spending flexibility by removing dedications and unlocking funds.
• Accelerate debt payments to free up recurring general fund revenue.

Resources for Tax Payers

• 2024 Third Extraordinary Session Legislative Summaries
• Chart of Sales and Use Tax Exemptions Retained
• Chart of Repealed Sales and Use Tax Exclusions and Exemptions
• Chart of Income and Franchise Credits Sunset
• Chart of Repealed Income and Corporation Franchise Tax Credits
• Tax Reform Frequently Asked Questions

What They’re Saying

• “Many of the proposed elements of the Governor’s plan seem to resemble the recommendations made in (our) 2015 report, called ‘Louisiana Fiscal Reform: A Framework for the Future’ ... the ideas are not necessarily new and have been studied and researched by many organizations over many, many years.” — C100, Council for A Better Louisiana
• “PAR applauds the attempt from Gov. Jeff Landry and his administration to revamp Louisiana’s tax structure. They are taking a comprehensive, thoughtful approach to a complex issue, and at this early stage, they seem largely headed down the right path.” — Public Affairs Research Council of Louisiana (PAR)
• “We feel like this change is moving the state toward the future in line with our hope of creating a new Louisiana that is more competitive with other states” — Speaker Pro Temp Mike Johnson
• “LABI is encouraged by the administration's and the legislature’s commitment to tackle tax reform. Louisiana citizens and business owners deserve a straightforward tax code that considers a present-day economy.” — Louisiana Association of Business and Industry
• “It’s a bold plan that I believe can make us more competitive.” — Appropriations Chairman Jack McFarland
• “Lowering or removing the personal income tax would help small businesses (who) pay taxes at the individual rate.” — NFIB
• “The Louisiana Forward plan is a step in the right direction for a state that has been lagging behind its neighbors. Governor Landry’s plan, if enacted by lawmakers, will revitalize Louisiana.” — Americans for Tax Reform

How Louisiana Forward Affects You:

• Report on Parish Sales and Severance Tax Revenue Impact
• Primer on Louisiana Tax Structure 2024
• Fiscal Reform Plan
• Positioning Louisiana to Win
• Tax Relief for Senior Citizens
• Lowering the Cost of Prescription Drugs
• Supporting Our Schools

Resources for Local Governments:

• Parish FAQs
• Revenue for Local Government

Tax Reform Fiscal Projections Memo:

• Memo, Tax Reform Fiscal Projections

Louisiana Forward Special Session Bill Drafts:

• Draft Ad Valorem Tax Bill
• Draft Article VII Rewrite Bill
• Draft Individual Income Tax Bill
• Draft Corporate Franchise Tax Bill
• Draft Corporate Income Tax Bill
• Draft Digital Products Bill
• Draft Taxable Services Bill
• Draft Sales Tax Clean Up Bill

Louisiana Forward Special Session Fiscal Memo Drafts:

• Draft Fiscal Memo Ad Valorem Tax
• Draft Fiscal Memo Corporate Franchise Tax
• Draft Fiscal Memo Corporate Income Tax
• Draft Fiscal Memo Services
• Draft Fiscal Memo Digital Products
• Draft Fiscal Memo Individual Income Tax
• Draft Fiscal Memo Sales Tax Clean Up

For Suggestions, please submit form on:

Tax Reform Questions