Posted: Feb 7, 2013 6:49 AM by AP
BATON ROUGE, La. (AP) - Gov. Bobby Jindal's administration has hired one of the so-called "Big Four" accounting firms to review the numbers on the governor's tax code rewrite.
The Department of Revenue has chosen Ernst & Young to analyze calculations used to design Jindal's tax proposal. Jindal is proposing to get rid of state income taxes, in exchange for higher sales taxes and other tax code adjustments.
Ernst & Young, according to the project scope released by the revenue department, will determine if the agency's assumptions are correctly calculated, how the proposals affect residents and businesses and whether the changes are "revenue neutral."
In its proposal, Ernst & Young estimates the work could cost up to $180,000. Details of the contract, awarded without a competitive bid process, weren't immediately provided by the revenue department.