Chamber Says Lafayette Only Parish To End Tax Rebate
The Lafayette Chamber of Commerce says every other parish in the state offers businesses a tax rebate that the Lafayette City-Parish Council is considering doing away with.
The council is scheduled to vote Dec. 17 on a proposal to end a rebate on general sales tax; the rebate helps businesses cover the administrative expense of collecting and accounting for the tax.
Supporters of the proposal have pointed to the Lafayette Parish cities of Youngsville, Carencro and Scott, all of which have nixed so-called vendor's compensation in recent years.
The tax rebate in Lafayette has been in place since the 1960s.
It allows businesses to keep 2 percent of the total collections for city-parish sales taxes.