Archive for July 1, 2009

Report: 'Get ready for some extra cash as Stelly repeal approaches (w/video)'

WWL-TV produced this story on the July 1, 2009 effective date for new withholding tables established by Act 396 of 2008, also known as the Shaw Bill.

Act 396 repealed provisions of a 2003 tax law known as the Stelly Plan. The Stelly plan imposed higher tax rates on some income brackets in exchange for repealing the state sales tax on food and residential utilities.

Act 396 restored the pre-Stelly income tax rates.