Louisiana House panel approves suspension of energy sales tax

Birmingham, Ala. (Platts)--8Nov2005

Louisiana Gov Kathleen Blanco's plan to suspend until 2009 the sales tax
businesses must pay on electricity and natural gas easily passed its first
hurdle Tuesday when a Louisiana House committee passed the measure
unanimously. 

     Blanco called a special session of the Legislature to address a number of
issues related to the aftermath of Hurricanes Katrina and Rita. 

     She asked for a number of tax breaks for businesses, including an
exemption from sales tax on equipment purchased to replace that damaged by
Katrina or Rita. That measure also passed. 

     The measures now go to the House floor for debate. The special session,
which began Sunday, is scheduled to end Nov 22.

     For more information, take a trial to Platts Electricity Alert at
http://electricityalert.platts.com.

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