Top Economist: State Businesses Not Over-Regulated [VIDEO]
LSU economist Dr. Jim Richards talks with 101.7 / 710 KEEL's Robert J Wright about the difference between the inventory and property taxes assessed on businesses, and whether these regulations are hurting the state's economy.
Richards explains how some businesses pay an inventory tax - which is reimbursed at a rate of little over 70% and a property tax, which is assessed on "tangible personal property" that a business owns and uses in its day-to-day operation.
As to how Louisiana's myriad of taxes and regulations compare to other states, Richards says, "I don't think we're over-regulated compared to other states. In terms of taxes, when you look at our tax system here compared to other states, I don't think we're over-taxed."
Hear Robert J Wright and Erin McCarty weekday mornings from 6 til 9 on 101.7 / 710 KEEL, or by downloading the free KEEL app, presented by Office Furniture Source.