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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 taxpayers will have to wait at least another year before lawmakers consider eliminating the state's $4.5 billion income tax again. Republican Columbia state Rep. Neil Riser's House Bill ...
A vote for would: Tighten the rules on allowed use of a seven-year-old state trust fund that collects dollars from corporate tax collections and oil and gas production in Louisiana.
As enacted in the Tax Cuts and Jobs Act of 2017 and amended by the Bipartisan Budget Act of 2018, an excise tax of 1.4% on endowment income is levied on universities that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered ...
Democratic House Minority Leader Rep. Matthew Willard indicated the benefits of this tax cut, which would cost the state more than $500 million in annual revenue, would go to the shareholders of ...
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 412: Starting Jan. 1, 2025, unemployment benefits in Louisiana will range from 12 to 20 weeks, based on the state’s unemployment rate. Extended benefits are available for those in approved ...
Louisiana voters will decide whether to make significant changes to the state’s income tax rates and deductions on Election Day, Nov. 13, 2021. What to know about Louisiana's proposed tax ...