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Yahoo
27-03-2025
- Business
- Yahoo
Louisiana State Rep. Danny McCormick pushes to end local sales tax on groceries
As inflation continues to impact everyone, Louisiana State Rep. Danny McCormick is aimed at bringing relief to families who rely on essentials to feed themselves. In Louisiana, according to McCormick, residents do not have a state sales tax on groceries, just local sales taxes. He said residents in Caddo Parish are driving to Texas to buy their groceries because it's sales tax-free. 'With the inflation and the struggling middle class in this country, I think it's appropriate we eliminate all sales tax on groceries,' McCormick said. McCormick said Louisiana already has the highest combined sales tax rate in the nation — an average of 10.12% when state and local taxes are combined. According to the Louisiana Department of Revenue, a sales tax is required on all prepared food sales except for foods and beverages that are for preparation and consumption in the home. Louisiana Revised Statute 47:305(D)(1)(n-r) notes that the state sales tax does not apply to food sold for preparation and consumption in the home, including bakery products, fresh fruits and vegetables, and packaged foods requiring further preparation by the purchasers. By eliminating this sales tax for groceries, McCormick said this is an avenue to feed families without being taxed. He compared the sales tax to being taxed for oxygen, having to pay for it in order to live. As inflation continues to rise, so will the cost of goods and services. McCormick said the government isn't suffering; it's the working class that feels the impact each time they go to the grocery store. 'The wealthy are not concerned about their tax on their groceries,' McCormick said. But it's not just the wealthy who do not have to worry about sales taxes on groceries. McCormick said those on a government assistance program, like the Supplemental Nutrition Assistance Program, are not required to pay a sales tax for groceries. 'So, it's the working class that I am trying to help get this break on basic groceries,' McCormick said. The break could come on day one of the next legislative session on April 14, when he will introduce legislation to prohibit local governments from imposing sales taxes on groceries state-wide. This article originally appeared on Lafayette Daily Advertiser: Louisiana State Rep. Danny McCormick wants to end groceries sales tax
Yahoo
28-01-2025
- Business
- Yahoo
Lafayette Parish home listings asked for less money in December - see the current median price here
The median home in Lafayette Parish listed for $298,250 in December, down 0.6% from the previous month's $299,999, an analysis of data from shows. Compared to December 2023, the median home list price increased 2.9% from $289,999. The statistics in this article only pertain to houses listed for sale in Lafayette Parish, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Lafayette Parish's median home was 1,843 square feet, listed at $165 per square foot. The price per square foot of homes for sale is up 0.3% from December 2023. Listings in Lafayette Parish moved slowly, at a median 86 days listed compared to the December national median of 70 days on the market. In the previous month, homes had a median of 80 days on the market. Around 254 homes were newly listed on the market in December, a 2.4% increase from 248 new listings in December 2023. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Lafayette metro area, median home prices fell to $263,000, slightly lower than a month earlier. The median home had 1,839 square feet, at a list price of $147 per square foot. In Louisiana, median home prices were $274,950, a slight decrease from November. The median Louisiana home listed for sale had 1,828 square feet, with a price of $152 per square foot. Throughout the United States, the median home price was $402,502, a slight decrease from the month prior. The median American home for sale was listed at 1,800 square feet, with a price of $222 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. This article originally appeared on Lafayette Daily Advertiser: Lafayette Parish home listings asked for less money in December - see the current median price here
