Dec 13, 2013 9:44 AM by AP
LAFAYETTE, La. (AP) - A Lafayette City-Parish Council proposal to nix a rebate that helps businesses cover the administrative expenses of collecting and accounting for sales tax appears dead for now.
The four councilmen who proposed repealing the tax rebate announced Thursday they withdrew the measure, which had been scheduled to come up for a vote Tuesday.
The Advocate reports the sponsors did not rule out revisiting the issue.
The rebate, which has been in place since the 1960s, allows businesses to keep 2 percent of the total collections for city-parish sales taxes.
Several business leaders spoke out against the repeal of what's known as vendor's compensation, and the Greater Lafayette Chamber of Commerce released an analysis this week that found all cities and parishes outside of Lafayette Parish still offer a similar rebate on general sales tax collections.
The only cities in the state that have done away with the rebate are Youngsville, Carencro and Scott, according to the Chamber's analysis, which was based on a review of data from the state Department of Revenue.
"I think the authors made the right decision to take a step back and have a broader conversation about how to solve important issues. We look forward to working with the council and others to develop solutions for our community," Chamber President and CEO Jason El Koubi said in a written statement.