Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase.

Louisiana lawmakers saved the state's tax credit as part of a sweeping set of tax reform bills that are headed the governor's desk coming out of a special legislative session.

Jeff Landry, although lawmakers bowed to the pressure of special interests and scrapped major portions of his package that sought to eliminate tax breaks to simplify the complicated tax code. “It’s an exciting day for Louisiana,

The Louisiana Legislature has passed a slew of bills to restructure the state’s tax system. The key changes are cuts to the individual and corporate income tax, a raise in the state sales tax among cuts to corporate income and eliminating the franchise tax.