POPULATION: 4,574,836 (2011 Census)
LABOR FORCE: 2,072,285 (Sept. 2012
seasonally adjusted)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES:Oil and gas, petrochemicals,
agriculture, timber, processed
foods
EXPANDING INDUSTRIES: Advanced manufacturing,
agribusiness, clean tech, digital
media and software, energy,
entertainment, specialty healthcare,
water management
COLLEGE GRADUATES: (Age 25 and over) 26.3% (2011
estimate)
BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent
on first $25,000; 5 percent
on second $25,000; 6 percent
on next $50,000; 7 percent on
next $100,000; 8 percent over
$200,000 based on net income
of domestic and foreign corporations
derived from Louisiana
sources; federal income taxes
are deductible in computing
Louisiana net taxable income;
state tax credits allowable
under certain incentive programs
can be used to offset all
or part of corporate income
taxes.
Corporate Franchise Tax: $1.50
per $1,000 on first $300,000 of
issued and outstanding capital
stock, surplus, and undivided
profits; $3.00 per $1,000 above
$300,000; state tax credits
allowable under certain incentive
programs can be used to
offset all or part of corporate
franchise taxes.
Sales and Use Tax: 4 percent
levied on sale of tangible personal
property at retail, as well
as the use, consumption, distribution,
or storage of tangible
personal property and the sale
of services in the state; 1 to 5
percent local rate; several
exemptions provided for sales
tax; electricity, water, natural gas,
machinery and equipment used
by manufacturers are exempt
from Louisiana sales tax.
Property Tax: Statewide average
effective rate; 1 percent of
land FMV and 1.5 percent of
businesses' capital assets FMV;
levied by cities and parishes
(Louisiana offers an ad valorem
tax, 10-year 100 percent abatement
for qualified companies.)
BUSINESS INCENTIVES:
Enterprise zones
Quality Jobs Program
Restoration tax abatement
Industrial tax exemption
R&D Tax Credit
Sound Recording Investor
Tax Credit
Digital Interactive Media
Tax Credit
Motion Picture Investor
Tax Credit
Musical & Theatrical Production
Tax Incentive
LED FastStart™
Modernization Tax Credit
Technology Commercialization
Credit and Jobs Program
New Markets Tax Credit
Small Business Loan Program
Micro Loan Program
Bonding Assistance Program
Angel Investor Tax Credit
Veteran Initiative
Competitive Projects Payroll
Incentive
Corporate Headquarters
Relocation Program