Lawmakers talk tax bills in second week of legislative session
BATON ROUGE - A busy Monday starts the second week of the legislative session. Nearly a dozen proposed bills are up for discussion in the Senate Committee on Revenue and Fiscal Affairs.
Two of them deal with the flooding events last year, and tax breaks.
Under current state law, tax deductions are only provided for individuals or corporations who received benefits from a hurricane recovery entity.
The proposed bill broadens the deduction to include disaster benefits received from any state or federal agency, or recovery authority.
It doesn't stop there though. If passed, the law would provide a transition rule to allow taxpayers who received recovery benefits to amend their 2016 tax returns.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
High school janitor allegedly groped student on campus, arrested for sexual battery
Teen killed in 4th of July boating accident on Blind River; driver...
Work begins on EBR Flood Risk Reduction Project
Four teens arrested after being caught breaking into daycare
Man living next to parish drainage canal says he'll cut grass but...