Posted: Jan 22, 2013 7:10 AM
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.