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Louisiana Basic Business Taxes 2011

Louisiana's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include a corporate income tax, corporate franchise tax, and sales and use tax.

March 2011
Corporate Income Tax:
Four 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. Louisiana allows federal income tax deduction against state income tax liability.

Corporate Franchise Tax:
$1.50 per $1,000 on first $300,000 of capital stock, surplus, undivided profits and borrowed capital; $3 per $1,000 above $300,000.

Sales and Use Tax:
Four 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; 1-5 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:
Louisiana has no state property tax. Parish and municipal governments levy property tax on real and tangible property and tax rates vary by location.

Louisiana State Contact:
Louisiana Economic Development
1051 North Third Street
Baton Rouge, LA 70804
(225) 342-3000

Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.

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