House lawmakers agree on a Budget deal

House lawmakers agree on a Budget deal
Photo provided by Louisiana House of Representatives
Louisiana Politics

POSTED: Thursday, May 9, 2013 - 5:30pm

UPDATED: Thursday, May 9, 2013 - 7:15pm

With four weeks until the end of the legislative session, it looks like Democrats and Republicans in the House of Representatives have come to an agreement.

Lawmakers say they've whittled down the amount of tax exemptions they're considering getting rid of. They are now looking at about 20 tax exemptions that deal with wind energy, severance taxes and the movie tax credit among other things.

The exemptions were brought up for discussion too see if the state could generate revenue, while avoiding any more cuts to higher education or healthcare.

Governor Bobby Jindal said his administration will not support anything they deem to be a tax hike, that includes getting rid of tax exemptions without another source of revenue generation.

"Certainly we continue to be opposed to tax increase but we think today was a very good day and again I want to commend the House for abandoning their $1.3 billion dollar tax increase. I think it would have had a disastrous impact on our job creator, our economy, our families. So I think it was a very good step forward," said Governor Jindal.

Lawmakers on both sides say they're happy that they've worked together to close loopholes and come to a solution.

The House will begin discussing the state budget plan tomorrow.

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