BATON ROUGE — One of the last major tax reform packages of the session, one that overhauls the state’s tax code, likely is dead in the House after a core piece of Baton Rouge Republican Barry Ivey’s legislation was shot down Tuesday evening.
House Bill 360, which needed the two-thirds approval for revenue measures, fell short, 58-31 vote. The bill proposed a flat corporate tax rate of 6.5 percent and removed the deductibility of federal income taxes from corporate tax filings in state.
HB360 was one in a slew of tax bills authored by Ivey. Substantive