| SALES TAX RATE (State, Parish, Local) : 8.0% |
| PROPERTY TAX : |
There is no state property tax in Louisiana, but local city and parish
governments may levy property
taxes on facilities, land and equipment inventory. |
| INDIVIDUAL INCOME TAX |
The tax frates for individuals filing as single, married but filing
separately, or as head of household are:
2% of the first $10,000 of taxable income
4% on the next $40,000
6% on taxable income of $50,000
For married persons filing a joint return, the dollar amount in each
bracket is doubled. |
| CORPORATE FRANCHISE TAX |
The state corporate franchise tax is levied annually at the rate of
$1.50 per $1,000 on the first $300,000
of capital stock, surplus, undivided profits and borrowed capital employed
in Louisiana.
The rate is $3.00 per $1,000 after the first $300,000.00. The minimum
tax is 10% per year. |
| CORPORATE INCOME TAX |
The state corporate income tax is:
4% on the first $25,000
5% on the next $25,000
6% on the next $50,000
7% on the next $100,000
8% on net income above $200,000 |
| STATE SALES TAX |
The Louisiana state sales tax is 4%. It is levied on the retail sale
of personal property, on goood, used or
stored for use in Louisiana, and on leases and rental of tangible personal
property and certain services.
Baic consumer commodities such as food for home comsumption and prescription
srugs are exempt from
state sales taxes. Local governing bodies may levy up to an additional
4% sales tax with voter approval. |
| WORKER'S COMPENSATION |
The average worker' compendation rate is $3.67 per $100 of payroll,
but varies according to risk of
specified jobs and individual industry. |
| UNEMPLOYMENT COMPENSATION |
After the initial 24-month "period of eligibility", each emplyer is
taxed according to a rate
established by their own labor turnover experience. The minimum rate
is 3% and the maximum rate
is 6% assessed on the first $8,500 in annual wages of each employee. |
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