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Louisiana Governor Jeff Landry said the current tax code ... But to offset the loss of income tax revenue Landry is proposing making permanent a 0.45-cent sales tax set to expire in 2025 and ...
For businesses, the corporate income tax rate will drop from 7.5% to a flat 5.5%, and the state franchise tax will be eliminated entirely. Originally, Landry's plan proposed a rate of 3.5%.
Income tax regulations require the LLC to withhold 25 percent federal taxes, and 5 percent Louisiana taxes, from prizes of more than $5,000. A gambling income statement, W2-G, is mailed to the claimant by January in the year following the payment of the prize.
The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...
The Louisiana State Treasurer is an elected constitutional officer in the executive branch of the state government of Louisiana responsible for overseeing the financial operations of state government. The state treasurer is an elected position, with four year terms. The Louisiana State Treasurer is John Fleming, a Republican.
Louisiana Governor Jeff Landry has called a Special Session on November 6 to overhaul the state's tax system including income and sales tax rates.
Louisiana, as well as all other states such as Texas, [5] participate in the HIP Program. This is an acronym for Migratory Bird Harvest Information Program that is operated jointly by each state and the U.S. Fish and Wildlife Service (USFWS), for anyone wanting to hunt ducks, coots, geese, brant, swans, doves, band-tailed pigeons, woodcock, rails, snipe, sandhill cranes, or gallinules, all ...