Jindal signs bills from session- March 25, 2008
The Times-Picyuane
Capitol Bureau
BATON ROUGE -- Gov. Bobby Jindal on Monday signed a dozen bills that were passed during the recent legislative session devoted mainly to business tax cuts and surplus spending priorities.
The largest tax cut is the elimination of a 1 percent sales tax that businesses pay on utilities, which will represent a savings to Louisiana companies of about $69 million per year. The tax cut takes effect on July 1.
Other bills signed by Jindal include an acceleration of the phaseout of sales taxes on manufacturing machinery and equipment and the franchise tax on borrowed capital.
To view the full article click here.