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Jindal's tax plan temporarily stalls, but revived within hours

1 year 8 months 2 weeks ago May 04, 2015 May 4, 2015 Monday, May 04 2015 May 04, 2015 2:35 PM in News
Source: Associated Press

BATON ROUGE- A key piece of Gov. Bobby Jindal's proposal to balance next year's budget sputtered briefly in the House tax committee, which initially rejected the tax plan only to revive it within hours and pass it.

The proposal to scale back a tax credit for companies that pay local property taxes on inventory faces strong opposition from business groups that call it a multimillion-dollar tax hike.

The Ways and Means Committee first voted 9-7 Monday against the measure, sponsored by Republican Rep. Bryan Adams of Gretna, seeming to kill it. But after a recess, the committee returned and changed course, voting 9-8 to advance the bill to the full House.

The governor's proposal is one of several under negotiation as lawmakers try to close next year's $1.6 billion budget gap.

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