As the legislature prepares to deal with proposed reforms in the state's tax structure next month, Governor John Bel Edwards reportedly wants to replace the income tax paid by corporations with a tax on their sales.
The Advocate reports that Edwards also wants to place a sales tax on cable television and internet services in exchange for eliminating a temporary one-cent increase in the state's sales tax that took effect last year.
The corporate tax adjustment, first reported by lapolitics.com, is viewed by supporters as a way to level the playing field for businesses.
The Advocate reports that the admininistration has not yet proposed a rate for the sales tax that would be paid by corporations, but it is expected to be less than 1%.