BATON ROUGE, La. (AP) — The leader on Gov. Bobby Jindal’s proposed tax code rewrite said Tuesday the administration wants to keep most of the state’s economic development incentive programs as part of the revamp.
Many of the programs overseen by the Department of Economic Development give credits or exemptions to income taxes, so they would need to be modified since Jindal is proposing to eliminate state income taxes in exchange for higher sales taxes.
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