Louisiana tax proposal could increase cost of Netflix, Hulu, other streaming services
Louisiana residents who dropped cable television to cut costs could find the price of internet streaming services such as Netflix and Hulu going up under a proposed tax plan, according to a report by WWL-TV.
The Louisiana streaming tax, proposed by Gov. John Bel Edwards, would be the same as the state's sales tax, WWL reported. The governor's office said the streaming tax, as well as new taxes on several other goods, would generate around $200 million dollars each year.
Gov. John Bel Edwards last month unveiled a complicated and dramatic restructuring of Louisiana’s much-maligned tax system, proposing to lower some tax rates in exchange for eliminating many tax breaks and making businesses subject to a new tax on sales.
Exact figures were not immediately available, but the net effect appears to reduce taxes for most individuals but the wealthy, while making larger businesses pay more.
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