Business Inventory Tax
Business inventory is taxable, unless it is being held in the state for storage purposes only.
Corporate Franchise Tax
Rate: $1.50 for each $1,000 or major fraction thereof up to $300,000 of capital employed in Louisiana, and $3 for each $1,000 or major fraction thereof in excess of $300,000 of capital employed in Louisiana, with a the minimum tax of $10 per year.
Corporate Income Tax
Corporations will pay tax on net income computed at the following rates:
First: $25,000 (4%)
Next: $25,000 (5%)
Next: $50,000 (6%)
Next: $100,000 (7%)
Over: $200,000 (8%)
Personal Income Tax
Louisiana’s personal income tax system consists of three separate brackets with a top rate of 6% starting at an income level of $50,000. That top rate ranks 4th lowest among states levying an individual income tax.
Personal Property Taxx
Taxable. There are no intangible personal property taxes in Louisiana. Louisiana is one of the 38 states that collect property taxes at both the state and local levels.
State Sales and Use Tax
Base Rate: 4%
Machinery Rate: None
There is a 5 year exemption (renewable once for 5 more years) may be granted to manufacturing establishments located in the state for state sales and use taxes imposed on machinery and equipment to be used by the applicant.
Unemployment Insurance
Louisiana charges new employers the average industry rate for 2 years.
