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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%.
The state’s new corporate income tax rate will be a flat 5.5%, reducing the highest tier from 7.5%. ... Louisiana's corporate income tax rate had been the highest in the South according to the ...
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 ...
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 ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. ... Louisiana from 1865 [58 ...
The state sales tax rate is 4.45%, and parishes can levy additional sales tax on top of this. The state also has a use tax, which includes 4% to be distributed to local governments. Property taxes are assessed and collected at the local level. Louisiana is a subsidized state, and Louisiana taxpayers receive more federal funding per dollar of ...