Louisiana currently has a graduated state individual income tax that ranges from 1.85% to 4.25%. However, due to new tax reform legislation, Louisiana will move to a flat 3% income tax rate in 2025, replacing the tiered system. Louisiana tax on retirement benefits:There is no state income ta...
The Louisiana House of Representatives voted Tuesday to eliminate the state’s $150 million tax incentive for film and TV production, as part of a broad package of measures to reduce the state income tax. Louisiana was the first state to adopt a tax incentive for film production, in 1992, ...
Supplemental Wage / Bonus Rate: same as regular income (3.09%) Register as an employer on the Louisiana Department of Revenue website Employee's Withholding Tax Exemption Certificate: L-4 Louisiana State Unemployment Insurance (SUI) Louisiana Wage Base: $7,700 for 2025 Get your unemployment insur...
LOUISIANA: Income Tax Saga Drags On.The article reports on the legislative amendment of the S. B. 259 authored by Louisiana State Senator Rob Marionneaux that tends to phase out personal income tax for over ten years.WattsJimEBSCO_bspBond Buyer...
Louisiana State Sales Taxes,Uncategorizedoff highway fuel Thousands of Louisiana residents purchased expensive solar systems, incentivized by a state tax credit equal to 50% of the cost, up to $12,500. The Louisiana Legislature retroactively capped the solar tax credit statewide at $25,000,000, ...
In the case of a taxpayer who purchases a newly constructed home or newly constructed residential rental apartment project with such a system, the tax credit is claimed on the return for the taxable year in which the sale takes place. Like other Louisiana state income tax credits, tax...
However, LLCs are still subject to federal income tax. Annual Reporting Requirements: Every LLC in Louisiana is required to file a yearly report with the Secretary of State. This report keeps the state updated about your business’s key information, such as the names and addresses of members ...
Louisiana legislators will meet for a special session beginning Nov. 6 to consider Republican Gov. Jeff Landry’s ambitious attempt to overhaul the state’s tax structure.
"Designing a Combined Reporting Regime for a State Corporate Income Tax: A Case Study of Louisiana." State Tax Notes, September 3.McIntyre, Michael J., Paull Mines and Richard D. Pomp, "Designing a Combined Reporting Regime for a State Corporate Income Tax: A Case Study of Louisiana," 61...
Jones’s failure to file Louisiana state income tax returns for the years 2015 and 2017 as required for candidates; Her failure to pay outstanding ethics fines and fees to the attorney general’s office totaling $8,800. But there are other reasons, according to educator Mercedes Schneider, who...