Tax on processed raw materials moving forward
Tue, 06/21/2016 - 9:39am
Rep. Chris Broadwater, R-Hammond, successfully guided his byproduct sales tax bill through the Senate Revenue and Fiscal Committee Monday. Credit: Samuel Carter Karlin
The Louisiana State Legislature is moving to tax raw materials used for further processing, and industries are cringing at the thought. These businesses believed the Louisiana Supreme Court got them off the sales tax hook, but House Bill 27 aims to make the reprieve short-lived.
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