Louisiana Corporate Income Tax Rates

• Federal income taxes are an allowable deduction in computing Louisiana taxable income. The tax structure is
• 4% on the first $25,000 of net income
• 5% on the second $25,000
• 6% on the next $50,000
• 7% on the next $100,000
• 8% on the excess over $200,000

Louisiana State Taxes Website

• Franchise tax is assessed on the value of all real and personal property in the state, or the amount of issued and outstanding capital stock, surplus, undivided profits and borrowed capital. The rate is
• $1.50 per $1,000, or major fraction thereof up to $300,000
• $3.00 per $1,000, or major fraction thereof in excess of $300,000

• Tax rates for individuals filing single, married filing separately, or head of household are
• 2% of the first $12,500
• 4% of the next $12,500
• 6% of taxable income over $25,000
• The above rates remain the same for married couples filing a joint return; however, the taxable income amounts are doubled
• Louisiana's simplified income tax law includes a combined personal exemption and standard deduction of $4,500 ($9,000 for married couples filing jointly)
• Dependent deduction is $1,000 per dependent
• Age 65 or over deduction is $1,000 for the taxpayer and/or dependent
• Blind deduction is $1,000 for the taxpayer and/or dependent

Source: Louisiana Department of Revenue

• Industrial and commercial improvements are assessed at 15% of the fair market value
• Land and residences are assessed at 10% of the fair market value
• $75,000 parish homestead exemption is allowed on residences occupied by the owner
• City of Bossier rate — 23.37 mills
• Consolidated Bossier Parish rate— 84.51 mills

• 4 % Louisiana state sales tax
• City sales and use tax
• Bossier City — Effective January 1, 2005
• 2.50 % City of Bossier sales tax
• 1.75 % School Board sales tax
• .50 % Bossier Parish Police Jury Sales Tax
• .25 % Law enforcement sales tax
• 5.00 % Total
• Shreveport
• 2.75 % City of Shreveport sales tax
• 1.50 % School Board sales tax
• .35 % Law enforcement sales tax
• .25 % Law enforcement sales tax
• 4.60 % Total

• Taxable base is $7,000 per employee
• Standard rate range is .13 - 6.2%
• Rate for new employers is the average rate for the particular industry
• Maximum unemployment weekly benefit is $258 for 26 weeks.