Some aspects of the tax reform package approved during Louisiana’s special session will need voter approval in the March 29, 2025, election. As Joe Gallinaro with the Louisiana Radio Network (LRN) reports, the president of the Public Affairs Research Council of Louisiana, Steven Procopio, says it's basically a complete rewrite of Article VII of the state constitution. “Emptying one fund to pay down the state’s pension debt and give teachers a two thousand dollar pay raise, merging two budget stabilization funds to create a better, stronger rainy day fund.”
Procopio says the rewritten Article VII also includes options for local governments. “This would give locals an option to eliminate or reduce the inventory tax on business. And then there were some potential credit effects of that.”
Procopio adds that they will release a voter guide on the amendment vote, but it will take a couple months to sift through everything contained in the proposal. As Procopio explains, “Article VII is our largest Article in the Constitution, so there’s a lot there. It’s almost as big as the original 1974 Constitution. Now, they’re not changing all of it, but it will take a little time to go through and work out all the details.”
