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Lafayette Parish may end tax rebate

3 years 8 months 5 days ago January 22, 2013 Jan 22, 2013 Tuesday, January 22 2013 January 22, 2013 6:10 AM in News
Source: Associated Press

LAFAYETTE- The Lafayette City-Parish Government is considering ending a sales tax rebate that helps area businesses cover accounting expenses related to collecting and paying the tax.

A long-standing local law has allowed businesses to keep 2 percent of total collections for city-parish government sales taxes as long as the sales tax payment is on time.

The council is considering ending that practice, a change that could bring more revenue to a local government that has been struggling to meet annual expenses.

Councilman Jay Castille says the ordinance is scheduled to be introduced Tuesday and to come up for a final vote Feb. 5.

Officials say ending the rebate could bring in an additional $1.5 million a year for city-parish government.

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