Senators back bill to repeal state's business inventory tax - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Senators back bill to repeal state's business inventory tax

Sen. Adley testifying about SB 177 in Senate Finance. (Source: WAFB) Sen. Adley testifying about SB 177 in Senate Finance. (Source: WAFB)
BATON ROUGE, LA (WAFB) -

A bill that would repeal the state's business inventory tax moved one step forward at the Capitol.

One of Senator Robert Adley's bills heads to the Senate floor as it easily passed a committee room Wednesday night, 9-1.

Adley deferred a separate measure Monday, saying he wasn't ready to present it.

However, he testified Wednesday, saying he's working for a long term fix to the state's budget issues.

"I'm not here today, Mr. Chairman, to try to file the fix for this year," said Sen. Adley, R-Benton. "My goal is to try to find some way to restructure this so that hopefully my locals can find themselves in a position they can start taking care of themselves instead of coming to us for money."

According to estimates, getting rid of the tax would save the state government over $450 million, but cost local governments about $550 million.

The House Ways and Means Committee will start looking at revenue bills on Monday.

Copyright 2015 WAFB. All rights reserved.

Powered by Frankly