Jindal Signs Budget And Financing Measures To Pay For It
BATON ROUGE, La. (AP) — Gov. Bobby Jindal has signed next year's budget, along with the package of tax changes to balance the spending plan without steep reductions to public health care and colleges.
The Republican governor agreed to raise Louisiana's cigarette tax by 50 cents per pack and to charge a new tax on electronic cigarettes and vapor products.
He announced Friday that he also signed bills to cap the state's payment on film tax credits at $180 million annually for the next three years and to scale back an array of other business subsidies.
Also getting Jindal's signature was a $50 fee increase on car buyers.
In all, the governor supported bills that will raise more than $715 million to help finance state government operations in the fiscal year that begins July 1.