--- Advertisement ---

Click Here
Don’t Hold Your Breath Waiting For A Tax Break
06/23/09 - 07:22 PM
 RSS Feed
click for larger image

The Louisiana House has blocked a proposal to postpone a tax break for three years. Supporters of the proposal wanted the money to go to reduce higher education budget cuts.


But a majority of House members approved a motion by Representative Joseph Lopinto, a Metairie Republican, that sent the bill back to the Senate. Senators support the delay of a 2007 law that allows individual taxpayers to deduct all of their excess itemized deductions compared with the current 65 percent.


The change is to take effect for 2009 tax forms, but the bill would delay that change until taxpayers fill out their 2012 forms.

User Comments
KALB.com requires that you be a registered site member to post comments and content.
Why Register?
First, we are not being sneaky and gathering your email or other information to sell to telemarketers or e-mail spam companies.

Registration on this site is required simply to allow us to keep people who would post discriminatory, threatening and harassing messages and comments from doing it again.

By having user registration, we hope to provide you with a better user experience. Please view kalb.com's full Terms & Conditions