Robideaux: Jindal Considers Tax Break Change To Help Colleges
State Rep. Joel Robideaux says the Jindal administration is considering the reshuffling of some tax breaks, while creating a new one for businesses that donate to college campuses as a way to offset steep cuts to higher education.
Robideaux, who is chairman of the House Ways and Means Committee, says the Jindal administration offered the idea in conversations with legislative leaders.
He says the proposal would involve scaling back other tax breaks, possibly the film tax credit, to keep the new higher education tax break from costing the state any additional money.
The governor and lawmakers are searching for ways to soften the blow to higher education in the budget year that begins July 1. Cuts of up to $400 million are being considered for higher education next year to help cope with a $1.6 billion budget shortfall.
The Associated Press contributed to this report.