Income taxes will drop, sales taxes will rise and a much-maligned tax on corporate assets will disappear under legislation approved by the state Legislature Friday that ends two weeks of debate on how best to refashion Louisiana’s tax system.

The Louisiana Legislature has passed a slew of bills to restructure the state’s tax system. The key changes are cuts to the individual and corporate income tax, a raise in the state sales tax among cuts to corporate income and eliminating the franchise tax.