Lafayette

Dec 4, 2013 9:47 AM by AP

Lafayette moves forward to ditch tax rebate

LAFAYETTE, La. (AP) - The Lafayette City-Parish Council is considering doing away with a rebate that helps retailers cover the cost of collecting sales tax - a move widely panned by the business community.

The Advocate reports the council voted 6-3 on Tuesday to move the proposal forward, which is scheduled to come up for a final vote on Dec. 17.

The rebate, which has been in place since the 1960s, allows businesses to keep 2 percent of the total collections for city-parish sales taxes to help cover administrative expenses related to accounting for the tax and paying it.

The impact on businesses would vary widely, depending on sales.

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