By: The Associated Press February 21, 2018
Efforts to broker a tax compromise in the Louisiana Legislature have faltered, with lawmakers unable to cobble together enough votes to start moving any major tax bills. Disagreements threaten to crater the special session aimed at closing a massive budget gap.
The House Ways and Means Committee stalled all big-ticket tax proposals Wednesday, with Republicans and Democrats at odds over how to close a $994 million shortfall in the financial year that begins July 1.
The gap is caused by the expiration of temporary taxes passed in 2016.
The main approach favored by House Republican leaders includes permanent renewal of one-quarter of the expiring 1 percent sales tax along with elimination of some sales tax breaks. Democrats prefer income tax changes.
Neither proposal can pass without Republican and Democrat votes.