Louisiana House committee OKs loan from taxpayers to help with hospital funding

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A Louisiana House tax committee has approved a measure that would produce about $113 million that could be used, in part, to pay for the hospital funding shortfall, The Times-Picayune reports.

The measure, House Bill 38, was introduced by Louisiana House Rep. Neil Abramson (D-New Orleans). Ultimately, the legislation would limit a tax break that goes to about a quarter of taxpayers who itemize deductions on their federal income taxes, according to the report.

But the report notes the bill passed only after it was amended to keep that income tax break in place, but delay people's ability to take advantage of it until two years from now.

The full House is slated to take up the measure Thursday, and it will likely face a close vote since many Republicans oppose it, according to The Advocate.

 

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