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Louisiana amendment 4 business inventory property taxes
Posted on 4/15/26 at 7:30 am
Posted on 4/15/26 at 7:30 am
This is about the 5th version of this property tax on inventory. The LABI has their hands all over this. In general I support lower taxes. But we base our budgets on property tax generation, then we give businesses abatements. This is also another example of "our" legislators doing more for their lobbyists than they do for local communities. What's everyone's opinion?
Proposed Amendment 4: Property Tax Exemption for Business Inventory
What This Amendment Does
This amendment allows local parishes, if they decide, to reduce or eliminate property taxes on business inventory.
What a YES Vote Means
Allow local tax cuts for businesses
Businesses may pay lower or no taxes
Parishes can lower or eliminate business inventory taxes
State provides a one-time payment to offset losses
What a NO Vote Means
Keep existing funding for schools and local services stable.
Business inventory continues to be taxed as it is today
Local governments and schools maintain a consistent funding stream
Proposed Amendment 4: Property Tax Exemption for Business Inventory
What This Amendment Does
This amendment allows local parishes, if they decide, to reduce or eliminate property taxes on business inventory.
What a YES Vote Means
Allow local tax cuts for businesses
Businesses may pay lower or no taxes
Parishes can lower or eliminate business inventory taxes
State provides a one-time payment to offset losses
What a NO Vote Means
Keep existing funding for schools and local services stable.
Business inventory continues to be taxed as it is today
Local governments and schools maintain a consistent funding stream
12
Posted on 4/15/26 at 7:35 am to Gee Grenouille
A tax on business inventory is BS straight up theft. Vote YES.
Posted on 4/15/26 at 7:36 am to Gee Grenouille
Why should business inventory be taxed?
Posted on 4/15/26 at 7:36 am to Gee Grenouille
It’s insane that businesses in this state have to pay a yearly tax on their inventory.
Posted on 4/15/26 at 7:38 am to Gee Grenouille
quote:
Keep existing funding for schools and local services stable.
Remember when gambling was going to pay for all the schools and roads.
Posted on 4/15/26 at 7:39 am to Gee Grenouille
If you are a business owner you already pay property taxes. You also pay sales tax on all the stuff you buy. And you collect sales tax for the stuff you sell.
So let's tax it again.
So let's tax it again.
This post was edited on 4/15/26 at 7:40 am
Posted on 4/15/26 at 7:41 am to UptownJoeBrown
quote:
A tax on business inventory is BS straight up theft. Vote YES.
I agree. When the business sells its inventory, and makes a profit, the profit is taxed as income. Taxing inventory is an odd way to favor businesses which don’t hold much inventory and to divert federal income taxes to local property taxes. (Paying inventory taxes reduces income and thus federal income taxes?)
Posted on 4/15/26 at 7:51 am to Gee Grenouille
Inventory taxes are such bullshite and shouldn't exist
This isn't about lobbyists as this hurts small businesses more than a business that can afford to pay lobbyists so your premise is stupid
This isn't about lobbyists as this hurts small businesses more than a business that can afford to pay lobbyists so your premise is stupid
Posted on 4/15/26 at 7:54 am to dgnx6
quote:
You also pay sales tax on all the stuff you buy.
The weird part is that isn't 100% the case. You are exempt on items you buy to resell, so why is it taxed at the EoY? You get punished if you don't sell it on time.
You also get a tax break/depreciation on buying machines/fixtures for your business from the Fed but have to turn around and pay the state yearly for them. You never truly own it. Only rent it from the state.
Posted on 4/15/26 at 8:35 am to Gee Grenouille
The entire concept is retarded.
Posted on 4/15/26 at 8:43 am to Gee Grenouille
quote:
This is about the 5th version of this property tax on inventory. The LABI has their hands all over this. In general I support lower taxes. But we base our budgets on property tax generation, then we give businesses abatements. This is also another example of "our" legislators doing more for their lobbyists than they do for local communities. What's everyone's opinion?
Tax revenue has to come from somewhere so you have to decide what you want it from. Inventory tax is a bad business/jobs tax if your neighbors dont have it. I dont give a damn if South Dakota does not have it but if TX, MS, AL dont have it that is a problem for LA.
If you want better business enviroment then get rid of it but figure out where the income will be replaced or spending eliminated.
Posted on 4/15/26 at 10:16 am to Gee Grenouille
quote:
This is about the 5th version of this property tax on inventory. The LABI has their hands all over this.
LABI does not support the inventory tax.
Posted on 4/15/26 at 10:19 am to Gee Grenouille
That inventory tax served as nothing but a massive boon to warehousing and trucking companies in Mississippi and Texas. It is long overdue for repeal.
Posted on 4/15/26 at 10:33 am to Gee Grenouille
Have you ever needed to get something fixed and had to wait a couple of days for a part to come in? Repair places don't keep large amounts in stock partly due to inventory being subject to property taxes. And it's not just the amount of inventory at the end of the year. It's based on the average at the end of every month.
Posted on 4/15/26 at 10:36 am to CubsFanBudMan
Literally every southern state is booming with manufacturing and warehouses and Louisiana has jack shite because of the stupid Inventory tax.
Posted on 4/15/26 at 10:37 am to tx_cajun
quote:
It’s insane that businesses in this state have to pay a yearly tax on their inventory.
Let me tell you about Jefferson Parish and having to have a permit for a dumpster
Posted on 4/15/26 at 5:18 pm to BTROleMisser
quote:
LABI does not support the inventory tax.
Which is why they keep changing the language in this amendment and shipping it back to us to vote on it. The voters have decided this multiple times over, they don't want it eliminated.
Posted on 4/15/26 at 5:20 pm to Gee Grenouille
Y'all still paying for those annual vehicle inspections?
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