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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%.
Louisiana lawmakers began debating bills Thursday that would revamp the state's tax code by lowering income taxes for all workers while adding sales taxes to services not currently taxed and ...
Act 175: This law gives surviving spouses in Louisiana up to 60 extra days to pay a homeowner’s insurance premium after their spouse passes away. To qualify, they must submit a written request ...
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
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 work of GNO, Inc. has included recruiting companies like DXC Technology, [11] bringing British Airways to New Orleans Airport, [12] passing federal legislation on National Flood Insurance – the Homeowners Flood Insurance Affordability Act of 2014, [13] and passing tax reform for Louisiana that lowered income taxes. [14]