Jindal considering tax break restructuring to help colleges
BATON ROUGE - Gov. Bobby Jindal's administration is considering a reshuffling of Louisiana's tax break spending to offset steep higher education cuts in next year's budget.
Proposals being floated would create a new tax break for businesses that donate to college campuses or for parents in exchange for higher student fees on college campuses.
That would generate new dollars for the campuses, and the state could pay for them by scaling back other tax break programs.
Jindal's chief budget adviser Kristy Nichols described the ideas Wednesday as under discussion to help cope with a $1.6 billion budget shortfall next year.
Also up for consideration is a cap on certain types of tax credits to keep the state from paying more to businesses for tax breaks than their actual tax liability.
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