What does Constitutional Amendment 4 do, and why does Louisiana even have an inventory tax in the first place?

Jasmine Brown DeRousselle, Chief External Affairs Officer at GNO Inc., and Manish Bhatt, Vice President of State Tax Policy at The Tax Foundation, join the show to discuss Constitutional Amendment 4, which would allow parishes to choose to eliminate or reduce Louisiana's inventory tax. That's the property tax businesses pay on goods they haven't sold yet. The state would compensate parishes $1M–$15M for making the switch. Nothing is mandated; the sheriff, school board, and parish governing authority all have to agree locally.