Associated Press

Millions in disputed Louisiana taxes now freed for spending

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  • By MELINDA DESLATTE, Associated Press

By MELINDA DESLATTE, Associated Press

BATON ROUGE, La. (AP) — Millions in taxes paid under protest are available for state spending after Louisiana’s chemical industry lost its lawsuit challenging a 2015 sales tax change.

The state treasurer’s office said Wednesday that $15.9 million was transferred this week, freed from the Department of Revenue’s escrow account.

Lawmakers already have earmarked the money for a list of state expenses.

Chemical plants paid $18.7 million in protest as the Louisiana Chemical Association challenged the temporary removal of a 1 percent sales tax exemption on business utilities. The organization lost the dispute, and the Louisiana Supreme Court declined to review the case on Sept. 22.

With the lawsuit ended, the revenue department began moving the money for spending. Agency spokesman Byron Henderson says the remaining $2.8 million also is expected to be transferred.

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The Associated Press (AP) is an American multinational not-for-profit news agency headquartered in New York City that operates as a cooperative, unincorporated association. The AP is owned by its contributing newspapers and radio and television stations in the United States, all of which contribute stories to the AP and use material written by its staff journalists. Wikipedia

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