At long last the government shut-down of 2025 ends as President Trump Signs legislation extending funding for most governmental agencies.
Louisiana Department of Revenue Provides Guidance Regarding Recent Sales Tax Changes
Last week, the Louisiana Department of Revenue (the “Department”) issued guidance regarding recent sales and use tax law changes.
The GENIUS Act Seeks to Provide a Framework for Stablecoin Regulation
President Trump signed the “Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025” (the “GENIUS Act” or the “Act”) into law on July 18, 2025, providing a comprehensive framework for regulating the issuance, sale, exchange, and oversight of stablecoins used for payments. Enacted by bipartisan vote, this legislation is a significant step in
One Big Beautiful Bill Imposes an AGI Floor on Charitable Contributions Deductions
On July 4, 2025, the President of the United States signed the One Big Beautiful Bill (the “Bill”), which included significant taxing and spending modifications. To pay for extending certain tax cuts and other changes, the bill adds an Adjusted Gross Income (“AGI”) floor for charitable contribution deductions for both individuals and corporations.
President Trump Signs One Big Beautiful Bill Act
President Donald J. Trump signed the “One Big Beautiful Bill Act”, H.R. 1, 119th Cong., on July 4th, just one day after the House passed it on a 218-214 vote.
Louisiana Taxation of Capital Construction Funds
The Capital Construction Fund (“CCF”) program is a joint program of the Internal Revenue Service and the United States Maritime Administration that provides federal income tax incentives, mostly through tax deferral, to vessel owners and operators.
Louisiana Legislature Takes Another Shot at Reforming Tax Section of State Constitution with Two Proposed Constitutional Amendments
Despite voters rejecting several tax-related constitutional amendments in a March referendum, the Louisiana Legislature has approved two new amendments to appear on the ballot next April. The two amendments would afford the Legislature more flexibility in developing budgets and making tax changes.
Louisiana Severance Tax Law Changes – A Win for Oil & Gas
While several bills were considered that would restructure the state’s severance tax scheme on oil and gas during Louisiana’s 2025 regular legislative session, three bills aimed to stimulate drilling activity and attract jobs in the energy sector were passed and sent to Governor Jeff Landry for his signature.
Governor Landry Signs Act 44 to Modify the Film Production Tax Credit Program
On June 4, 2025, Governor Jeff Landry signed Act 44 into law, making changes to the state’s motion picture production tax credit program.
House Tax Bill Addresses Transfer Tax Exemptions
The tax writing committee of the House of Representatives has proposed a bill which would increase permanently the unified estate and gift tax lifetime exemption equivalent and the lifetime exemption from the tax on generation skipping transfers to $15 Million, indexed for inflation with a base year of 2025.