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Content Tagged As revenue

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  • Louisiana casino revenue down 2.6 percent

    July 22, 2016 11:08 AM

    BATON ROUGE - Louisiana's 15 riverboats, four racetrack slots casinos and Harrah's New Orleans brought in $202.7 million in June, a 2.6 percent decrease from June 2015's $208.2 million. The 13,160 video poker machines across the state brought in $45.4 million. That was a 2.9 percent decrease from June 2015,... more »
  • State mineral lease sale brings in $59K in bonus revenue

    July 20, 2016 9:37 AM

    BATON ROUGE - The Louisiana Mineral and Energy Board's July lease brought in $59,150 in bonus revenue. The board said in a news release Tuesday buyers bought two leases covering 294 acres in Calcasieu and Plaquemines parishes. The lease sale offered tracts covering a total of 587 acres. According to... more »
  • Bill would lessen tax breaks for manufacturers

    June 15, 2016 2:39 PM

    BATON ROUGE - Senators are advancing a bill that would force large manufacturing facilities to choose between two property tax breaks they enjoy, to boost revenue for the state's budget. The bill by Republican Sen. Rick Ward, of Port Allen, would prohibit businesses from receiving both an exemption from paying... more »
  • Louisiana state revenue forecasts to be revised Wednesday

    February 10, 2016 6:01 AM

    BATON ROUGE- Louisiana's income forecasting panel will soon set the official number for this year's budget deficit and next year's financial shortfall. The figures set Wednesday by the Revenue Estimating Conference will be the basis for tax negotiations in the upcoming special legislative session. The revised forecasts are expected to... more »
  • Gov. Edwards' budget ideas unveiled, so negotiations begin

    January 20, 2016 5:42 PM

    BATON ROUGE - Reaction to Gov. John Bel Edwards' tax hike proposals for closing Louisiana's massive budget holes is mixed. Legislative leaders say they're encouraged by the broad array of options, but others are showing resistance to the ideas. The Democratic governor offered a "menu of options" that includes... more »
  • Residents warned of IRS scam in East Feliciana Parish

    January 15, 2016 8:55 PM

    CLINTON - The East Feliciana Parish Sheriff's Department is warning residents to be aware of a scam involving callers claiming to be from the IRS or a debt colllector calling on behalf of the IRS. According to deputies, the caller tells them they owe money, and a lawsuit will... more »
  • Lafayette man accused of not reporting $468K for state taxes

    December 3, 2015 6:49 AM

    BATON ROUGE- The Louisiana Department of Revenue says a Lafayette man is accused of failing to report hundreds of thousands of dollars in income from his home improvement business. Department spokeswoman Kizzy Payton says in a news release that Alan Bernard filed state tax returns reporting no income from the... more »
  • State suspends tax amnesty program over incorrect info

    November 17, 2015 5:36 PM

    BATON ROUGE - State revenue officials announced Tuesday they were suspending Louisiana's tax amnesty program for the rest of November due to incorrect information sent out to taxpayers. The Department of Revenue said they discovered some amnesty invitation letters said people the wrong amounts of money, and determined it... more »
  • Next year's state budget shortfall projected at $713M

    August 14, 2015 11:37 AM

    BATON ROUGE - Only two months from a difficult budget-balancing session, state lawmakers have gotten their first official glimpse of the shortfall they already face for next year: $713 million. News Friday of a horizon filled with future budget gaps wasn't unexpected for the Legislature's joint budget committee. This year's... more »
  • Harrah's Casino blames smoking ban for 2nd drop in monthly take

    July 24, 2015 7:20 AM

    NEW ORLEANS- Revenue dropped 30 percent in June at Harrah's New Orleans Hotel & Casino. It was the second consecutive monthly drop. The facility's top executive is putting most of the blame on the city's indoor smoking ban. Dan Real, general manager of Harrah's New Orleans, asked the state Gaming... more »
  • Tangipahoa teachers to get extra funds

    July 13, 2015 9:12 AM

    AMITE- The Tangipahoa Parish School System will use extra state revenue it received for this school year to cover mandatory supplemental pay for certified teachers. The state legislature gave funding to public school districts outside the Minimum Foundation Program, a formula used to fund school systems, which they can put... more »
  • Casino support contract blocked in La. House

    May 20, 2015 3:41 PM

    BATON ROUGE - Louisiana's state senators Wednesday blocked approval of a $3.6 million casino support services contract for New Orleans amid complaints that the city's new smoking ban likely will cause the state to lose money. The prohibition against smoking in bars and gambling halls took effect last month. Louisiana... more »
  • Budget gets a boost from improved state revenue forecast

    May 14, 2015 3:42 PM

    BATON ROUGE - Lawmakers have more money to close budget shortfalls after the state income estimating panel added nearly $179 million to two years of financial forecasts. The Revenue Estimating Conference made the changes Thursday, boosting the state general fund forecast for this year by more than $99 million and... more »
  • Jindal continues to call for revenue neutral budget Play Video

    May 8, 2015 7:49 PM

    BATON ROUGE - At an informal meeting with reporters on Friday before leaving the state, Governor Bobby Jindal evaded specific questions about about tax credit rollbacks and repeated a general statement he gave Thursday after the state House approved millions of dollars in tax changes. "Any tax credit where... more »
  • State reports flood of false tax returns Play Video

    February 6, 2015 1:46 PM

    BATON ROUGE - Louisiana revenue officials said they've discovered more than 2,000 attempts to file fraudulent tax returns through popular tax software this year. The Department of Revenue said 2,011 returns filed through Intuit / TurboTax have been filed as fraudulent. "To our knowledge, our systems at the... more »
  • Tax Season 101 Play Video

    January 20, 2015 8:13 AM

    BATON ROUGE - The Louisiana Department of Revenue began accepting state individual tax returns today, as did the Internal Revenue Service. This morning on 2une In we were joined by the LDR's Director of Criminal Investigations Barry Kelly who had some tips to survive Tax Season 2015. "You need... more »
  • NW La casino take up 6 percent

    September 19, 2014 5:31 AM

    NEW ORLEANS - The Shreveport-Bossier casino market was Louisiana's biggest winner in August: the $71.2 million take at its riverboats and racetrack slots casino was up 6.4 percent from a year earlier. Figures released Thursday by Louisiana State Police show statewide gambling revenues rose 1.2 percent to $217.8 million. The... more »
  • Louisiana casino take about even with July 2013

    August 21, 2014 2:31 PM

    NEW ORLEANS - A 12.4 percent jump in July winnings at Louisiana's land casino kept the 21-casino total about even with July 2013. Casinos took in about $213 million statewide, just $384,300 more than a year earlier. But the land casino's winnings rose from $25.4 million to $28.5 million. Riverboat... more »
  • Prepare your tax records for hurricane season

    June 2, 2014 1:55 PM

    BATON ROUGE - The state Department of Revenue encouraged Louisiana residents Monday to remember their financial records in hurricane preparedness plans. Click here to watch WBRZ's hurricane special, "Weathering The Storm" Secretary of Revenue Tim Barfield said water damage is a serious danger to paper records, and said... more »
  • Lawmakers concerned over tax refund delays

    February 21, 2014 11:49 AM

    BATON ROUGE - Members of the Louisiana Legislature are expressing concern over delays for people in getting their state tax refunds. They say they are getting complaints from people who have been waiting weeks to get their money. Senate President John Alario asked the revenue department Friday for... more »
  • Lawmakers to decide on budget surplus

    December 26, 2013 11:44 AM

    BATON ROUGE - State lawmakers will be in an unfamiliar position of deciding what to do with a surplus of as much as $300 million. It comes after years of having to cut the budget. The surplus is from better than projected tax revenue and a tax amnesty program... more »
  • Audit: State falls short in severance tax review

    December 2, 2013 11:51 AM

    BATON ROUGE - The Louisiana Department of Revenue hasn't been making sure oil and gas companies pay all their severance taxes, according to a new audit. Legislative auditor Daryl Purpera says the state could be missing out on millions of dollars it is owed. Oil and gas severance... more »
  • Officials get update on debt collection

    November 21, 2013 8:01 AM

    BATON ROUGE - Efforts to set up a new office aimed at collecting state government's back-owed debts are underway in the Department of Revenue. The state's Cash Management Review Board receives an update Thursday on the creation of the Office of Debt Recovery. Lawmakers established the office in... more »
  • State construction projects back on track

    October 11, 2013 11:44 AM

    BATON ROUGE - Higher revenue forecasts and low interest rates have Louisiana's construction projects back on track. Louisiana had been close to its constitutional limit on debt. State Treasurer John Kennedy said the money to pay for ongoing construction was running out, with no room to borrow more.... more »
  • Analysis: La. budget needs $200M from tax amnesty

    September 22, 2013 5:03 PM

    BATON ROUGE - As Louisiana's latest amnesty program for delinquent taxpayers begins Monday, state officials are grappling with dueling concerns as they urge people to pony up what they owe. Lawmakers and Gov. Bobby Jindal's administration need the program to help drum up $200 million in back-owed taxes to balance... more »
  • New law making revenue estimation difficult

    September 19, 2013 11:55 AM

    BATON ROUGE- A new law is causing problems for the group that forecasts Louisiana's income. The law requires the Revenue Estimating Conference to determine which dollars from fees and other dedicated funds are expected to appear annually, in hopes that could lessen future state budget shortfalls. Those estimates determine... more »
  • La. casino winnings up $15M from a year ago

    August 15, 2013 3:53 PM

    NEW ORLEANS - Louisiana's statewide casino winnings are up from a year ago, even though the take fell at 10 of 19 riverboat casinos and three of four racetrack slot machine casinos. State figures released Thursday show that two riverboats that opened within the past year made most of the... more »
  • Sinking property tax revenue a concern from sinkhole

    June 28, 2013 10:52 AM

    BAYOU CORNE - While some people living near a giant sinkhole in Assumption Parish are trying to get a fair buyout deal for their property, one concern for the parish are property taxes from that area. People affected by the Bayou Corne sinkhole were given breaks on their property... more »
  • Revenue rises at most La. casinos

    June 20, 2013 3:11 PM

    NEW ORLEANS - Sixteen of 18 state-regulated casinos won more money in May than in April. But five riverboats and a racetrack, all in west Louisiana, won less than in the previous May. Figures released Thursday show that overall, gamblers lost $214.2 million - $17.8 million more than in... more »
  • Barfield now officially Secretary of Revenue

    June 6, 2013 11:23 AM

    BATON ROUGE - Gov. Bobby Jindal officially has a new revenue secretary, months after he named who he wanted in the job. Tim Barfield told lawmakers Thursday that he was formally appointed as secretary of the Department of Revenue. Barfield started working as department head in October, but he was... more »
  • State's budget forecast $155M brighter

    May 15, 2013 10:20 AM

    BATON ROUGE - Louisiana's income forecast has gotten brighter, giving lawmakers more money to spend in the budget. The Revenue Estimating Conference adjusted next year's forecast by $155 million - $65 million more than what was assumed in the House-passed version of the 2013-14 budget. Economists say the state's individual... more »
  • Deadline to file La. taxes is Wednesday

    May 13, 2013 11:13 AM

    BATON ROUGE - The deadline for filing 2012 Louisiana individual income tax returns is Wednesday. The state Department of Revenue says filing can be made electronically and more information is available at the department's website, www.revenue.louisiana.gov/fileonline. Officials say the average refund processing time for electronic returns is 10 business days;... more »
  • La. crops break records, hit $11 billion

    April 29, 2013 10:37 PM

    BATON ROUGE- It was a record year for crops in the state. The LSU AgCenter said Louisiana's agricultural economy hit a high of $11.4 billion last year. That's about 6.5 percent more than the 2011 amount of $10.7 billion. Record yields for corn and soybeans fueled the increase... more »
  • Jindal increases proposed sales tax hike

    March 28, 2013 6:13 PM

    BATON ROUGE - Gov. Bobby Jindal has made changes to his tax revamp proposal and will push to boost state sales taxes even higher than already announced to make the numbers balance. Jindal's proposal would increase the state sales tax from 4 percent to 6.25 percent, rather than the 5.88... more »
  • State tax extensions must be electronically filed

    March 26, 2013 8:11 AM

    BATON ROUGE - State taxpayers who require more time to file their 2012 income taxes must submit their extension requests electronically. The Louisiana Department of Revenue implemented the requirement beginning with returns due in 2013. Filing extension requests must be submitted no later than the tax filing deadline. 2012 Louisiana... more »
  • PAR: Jindal plan $650M short of 'revenue neutral'

    March 21, 2013 12:21 PM

    BATON ROUGE - A nonpartisan watchdog group says Gov. Bobby Jindal's tax code rewrite could cost the state as much as $650 million in lost revenue as currently proposed. The Public Affairs Research Council of Louisiana says Jindal's plan appears to fall short of the claim that it is "revenue... more »
  • Tax break study panel releases recommendations

    March 5, 2013 10:37 AM

    BATON ROUGE- Lawmakers who spent months reviewing Louisiana's lengthy list of tax breaks are recommending more regular oversight and study of the credits, exemptions and rebates. In its final report released Tuesday, the Revenue Study Commission didn't recommend getting rid of any specific tax breaks. Instead, the 14-member panel provided... more »
  • Gambling revenue down for casinos statewide

    February 22, 2013 8:34 AM

    NEW ORLEANS - State-licensed casinos won $185.2 million from gamblers last month, down considerably from the December holiday figure of $211.4 million. The number is also lower than the January 2012 figure of nearly $185.7 million. Harrah's New Orleans Casino saw a slight January-to-January increase, going to just over... more »
  • GOP wants budget; Schumer warns they will get one

    January 21, 2013 6:40 AM

    WASHINGTON - Democrats are looking to make new revenue part of the Senate's first budget in almost four years. That budget will be released soon after the start of President Barack Obama's second term. Obama has pushed for a "balanced approach" to solving the nation's financial woes, including more tax... more »
  • Livingston sales tax revenue increases

    January 18, 2013 12:49 PM

    LIVINGSTON - Livingston Parish sales tax revenue rose 7 percent in December, compared with the previous year, marking the 26th straight month that tax receipts have increased. The Advocate reports more than 70 percent of the sales taxes collected in the Denham Springs Economic Development District are still being used... more »

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