The increase in the state sales tax will bring Bossier City's tax rate to an even 10%

The increase in the state sales tax will bring Bossier City’s tax rate to an even 10%

KSLA ) – It will soon be easier to mentally calculate sales tax when shopping in Bossier City.

In Louisiana, a 0.55% state sales tax increase goes into effect on Wednesday (Jan. 1).

This means that the total sales tax in Bossier City, currently at 9.45%, will rise to as high as 10%.

Late this year, Louisiana lawmakers approved increasing the state sales tax as part of Gov. Jeff Landry’s tax overhaul, which will eliminate Louisiana’s budget deficit, expected to be nearly $600 million, and threaten funding for health care services and higher education.

(RELATED: The state sales tax was raised to 5% at the end of the special session)

(RELATED: Projections show Gov. Jeff Landry’s tax reform will eliminate Louisiana’s budget deficit next year)

Landry’s tax plan, passed by the Louisiana Legislature in November, cuts individual income and corporate taxes by $1.2 billion in the next fiscal year, according to the latest revenue projections.

However, this reduction will be offset by a $1.3 billion increase in sales tax revenue, largely thanks to an increase in the state’s general sales tax rate from 4.45% to 5% by 2029.

(RELATED: Governor Landry’s plan to increase the sales tax could also lead to higher insurance premiums)

The increase in the state sales tax will bring Bossier City’s tax rate to an even 10%

ByAmelia Journalton

By Amelia Journalton

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