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Louisiana releases tax system guide

Louisiana state agencies have released a 43-page report that provides an overview of the state's tax structure and the $6.8 billion in tax breaks on the books. The report, released last week, was put out by the Department of Revenue and Department of Economic Development. It is designed as tax system guide in advance of the 2013 legislative session, when Gov. Bobby Jindal has said a revamp of Louisiana's tax code will be his top priority. The report also comes as a legislative study panel is combing through the more than 460 tax breaks that the state has to determine if they are worth the cost in lost tax revenue. The tax structure guide is available at: www.louisianaeconomicdevelopment.com.

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