A bill to phase out Lousiana’s personal income tax over 10 years at a cost of more than $5 billion a year of lost revenue was approved Monday by the House Committee on Ways and Means.

The measure, which now goes before the full House, is a re-write of a Senate bill that originally wiped out both the personal and corporate income taxes.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.