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Jindal proposes renewal of business tax breaks

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Posted: Feb 16, 2011 2:14 PM
Source: Associated Press

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Topics: Jindal, Proposes, Renewal, Business, Tax, Breaks

BATON ROUGE, La. - Despite state budget gaps, Gov. Bobby Jindal is proposing to renew several tax breaks for businesses, including one that gives companies rebates for creating high
quality jobs.

Also on the governor's list are the extension of tax breaks for research and development and technology commercialization and expansion of a tax credit program for digital media and software development.

The governor says the incentives help attract companies and create jobs in Louisiana.

The legislation will be considered by state lawmakers in the regular session that begins April 25.

The proposals will come as lawmakers and Jindal work to close a $1.6 billion shortfall in the
upcoming fiscal year that begins July 1 and make another round of budget cuts across agencies.

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