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Corporate tax cut may have adverse effect on smaller, local businesses

(The Center Square) — The House Ways and Means Committee heard testimony on Gov. Jeff Landry's proposal to reduce the corporate income tax rate and sunset a wide variety of tax credits and exemptions.

Louisiana has the highest corporate tax rate in the Southeast at 7.5%. Rep. Julie Emerson, R-Lafayette. who authored the bill, called the rate 'extremely uncompetitive.'

House Bill 2 is a part of a swe…

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