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The Legislature also approved a plan to repeal the state's corporation franchise tax, eliminating a long-standing levy on businesses operating in the state. Currently, the tax applies to ...
Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted ...
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.
They have also passed bills to eliminate the 0.275% corporate franchise tax — worth more than $500 million in annual revenue — and to flatten the individual income tax to 3%, costing the state ...
The governor of Louisiana is the head of government of the U.S. state of Louisiana. The governor is the head of the executive branch of Louisiana's state government and is charged with enforcing state laws. Republican Jeff Landry has served as the current governor since January 8, 2024.
The state's current sales tax stood at 4%, along with a temporary 0.45% sales tax that had been set to expire next year. Louisiana already had the highest combined state and average local sales tax in the country at 9.56%, according to the Tax Foundation. Louisiana has the 10th most regressive tax system in the country, according to the left ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
Louisiana's GOP-dominated House of Representatives on Tuesday overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment — all key provisions in Gov. Jeff ...