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Government and Voting Reforms. Act 500: ... Act 5: Louisiana’s corporate tax system adopts a flat rate effective Jan. 1, 2025, for income taxes and Jan. 1, 2026, for franchise taxes.
(The Center Square) — Louisiana lawmakers have finalized a sweeping overhaul of the state's tax system, passing a package of reforms aimed at reducing income taxes, increasing sales taxes, and ...
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.
Transfer taxes. Form 706, U.S. Estate Tax Return; Form 709, U.S. Gift (and Generation-Skipping Transfer) Tax Return; Statutory excise taxes. Form 720, Quarterly Federal Excise Tax Return; Form 2290, Heavy Vehicle Use Tax Return; Form 5330, Return of Excise Taxes Related to Employee Benefit Plans; Employment (payroll) taxes
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 adding sales tax to hundreds of services like car washes ...