La. Special Session Ends With Different Budget, Tax Credit Extensions

Jul 1, 2020

Credit Courtesy: Chuck Smith / Red River Radio News

LOUISIANA SPECIAL SESSION CONCLUDES Louisiana’s Special 30-day Legislative Session ended yesterday.  The highlights --Lawmakers wound up agreeing to expand and extend business tax credits, exemptions and incentive programs.   One of the largest tax breaks would benefit the gambling industry.  It costs $11 million in the first year and grows annually.

The state’s budget bill a major outstanding issue headed into the final day of the session. At the conclusion of the Special Session- Governor Edwards remarked the outcome was not what was originally hoped for.

NOT THE BUDGET WE ENVISIONED - Governor John Bel Edwards (D) addresses the media at the conclusion of the Louisiana Special Legislative Session on 6.30.20.
Credit Courtesy:LPB

"The budget that was passed obviously is not the budget that we envisioned whenever I gave my opening address  to the legislature back at the start of the regular session, "Edwards explained. "At that time the economy was doing extremely well,  Covid-19 had not yet hit Louisiana in any real way and so forth. And obviously revenue was much better than it is currently."

Lawmakers may return for another special session in October to either spend more federal coronavirus aid or make cuts if the budget situation worsens.

For more information, click weblink: SESSION INFORMATION FOR THE 2020 FIRST EXTRAORDINARY SESSION