POPULATION: 4,492,076 (2009 estimate)
LABOR FORCE: 2,099,007 (2010 estimate)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Oil and gas, petrochemicals, agriculture,
timber, processed foods
EXPANDING INDUSTRIES: Digital media, alternative and
nuclear energy, advanced manufacturing,
information technology,
value-added agribusiness, motion
picture/sound recording/live performance,
life sciences, logistics
and transportation
COLLEGE GRADUATES: (Age 25 and over) 26.3%
(2010 estimate)
BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent
on first $25,000; 5 percent on
second $25,000; 6 percent on next
$25,000; 7 percent on next
$100,000; 8 percent over $200,000
Corporate Franchise Tax: $1.50 per
$1,000 on first $300,000 of capital
stock, surplus, and undivided profits;
$3.00 per $1,000 above $300,000
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: 1 percent of value of
land and improvements for homeowners
and 1.5 percent of value of
equipment and improvements for
businesses; levied by cities and
parishes
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
Live Performance Tax Credit
Louisiana FastStart™
Modernization Tax Credit
Economic Development Award
Program
Technology Commercialization
Credit and Jobs Program
New Markets Tax Credit
Small Business Loan Program
Micro Loan Program
Bonding Assistance Program
Angel Investor Tax Credit
Mentor-Protégé Tax Credit
