Louisiana lawmakers have finalized a sweeping overhaul of the state's tax system, passing a package of reforms aimed at reducing income taxes, increasing sales taxes, and scaling back or eliminating certain tax credits.

Louisiana lawmakers passed a massive tax reform bill including changes to the state income tax and sales tax rates.

Jeff Landry, although lawmakers bowed to the pressure of special interests and scrapped major portions of his package that sought to eliminate tax breaks to simplify the complicated tax code. “It’s an exciting day for Louisiana,

The Louisiana Legislature has passed a slew of bills to restructure the state’s tax system. The key changes are cuts to the individual and corporate income tax, a raise in the state sales tax among cuts to corporate income and eliminating the franchise tax.