The Greater Lafayette Chamber of Commerce has joined forces with 14 other business organizations from around the state to support the elimination and accelerated phase-outs of several business taxes. The Legislature will being debating the bills Sunday in Gov. Bobby Jindal’s second special session.
The coalition believes the elimination of these taxes would remove a major obstacle in economic development efforts and improve the competitiveness of all Louisiana businesses. “The removal of these unorthodox taxes would at least level Louisiana’s playing field when compared to the rest of the country,” says Mike Odom, the group’s spokesperson. “Businesses of all sizes would now be given the opportunity to make positive investments in their future.”
--Eliminating the 1 percent state sales tax on business utilities that brings in about $68 million a year, starting July 1.
-- Accelerating the removal of the corporate franchise tax on debt, an elimination started under Blanco's administration. The tax was scheduled to be gone by July 1, 2011. Jindal is proposing eliminating it one year early, by July 1, 2010.
--Speeding up the removal of the state sales tax on manufacturing machinery and equipment, another elimination started by Blanco's administration. The tax was scheduled to expire by July 1, 2010, but Jindal wants it of the books one year earlier.
The coalition is also made up of the Ascension Chamber of Commerce, Baton Rouge Area Chamber, Feliciana Chamber of Commerce, Greater Shreveport Chamber of Commerce, Iberville Chamber of Commerce, Jefferson Chamber of Commerce, Louisiana Industrial Development Executive Association, Monroe Chamber of Commerce, Natchitoches Area Chamber of Commerce, River Region Chamber of Commerce, Ruston-Lincoln Chamber of Commerce, West Feliciana Community Development Foundation, and West Monroe-West Ouachita Chamber of Commerce.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Monday, April 21, 2014:
Monday's Blogs from the Bog!
Local and state agents Thursday night raided The Keg, the popular college bar located in the area known as The Strip, leading to the (at least) temporary closure of the venue.
Time and time again, the Lafayette Parish School Board shows an overwhelming tendency toward idiocy, but Wednesday night’s contentious discussion over Northside High School’s teen mother program tops the list of dumb discussions.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
“The accomplishment of this goal within the next ten years is not only critical for the region to effectively compete with other regions for residents and businesses, but also to provide an amenity for everyone in Acadiana to enjoy.”
Education Superintendent John White says a continued push to try to keep Louisiana from using tests associated with the Common Core education standards are creating "a state of chaos" for public school teachers.
The Acadiana Symphony Orchestra has decided to end its traditional Independence Day spectacular known as Red White & Boom.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Gov. Bobby Jindal's plan to use $210 million in surplus and one-time money to help balance next year's budget received the backing Thursday of the State Bond Commission, support that was needed for the maneuver to work.
Acadiana's nightlife guide.
State wildlife and fisheries agents have arrested a 39-year-old man accused of stealing crawfish.
An East Feliciana Parish lawmaker has jettisoned his proposal to make it harder for a condemned prisoner to appeal a death sentence.
Senators advanced a proposal Wednesday that would let the governor remove New Orleans-area levee board members for violating what he considers to be public policy, despite concerns it would introduce political meddling into state flood protection.
The must have pieces this season
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
Cypress Bayou GM hosts open house.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.