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For businesses, the corporate income tax rate will drop from 7.5% to a flat 5.5%, and the state franchise tax will be eliminated entirely. Originally, Landry's plan proposed a rate of 3.5%.
Act 412: Starting Jan. 1, 2025, unemployment benefits in Louisiana will range from 12 to 20 weeks, based on the state’s unemployment rate. Extended benefits are available for those in approved ...
Louisiana has a temporary sales tax set to expire in 2025 unless lawmakers and Governor Jeff Landry seek to extend it. Louisiana residents are paying the highest sales tax rate in the United ...
This table does not necessarily reflect the actual tax burdens borne directly by individual persons or businesses in a state. For example, the direct state tax burden on individuals in Alaska is far lower than the table would indicate. The state has no direct personal income tax and does not collect a sales tax at the state level, although it ...
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
According to the Tax Foundation, if the 2017 Tax Cuts and Jobs Act expires as scheduled in 2025, the 2026 tax brackets could reflect higher tax rates. For example, taxpayers in bracket 2 could ...
[[Category:Louisiana templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Louisiana templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
Louisiana's vast complex web of tax breaks for businesses and industry will begin being scrutinized this summer and will become a major part of the 2025 Regular Session, the lawmaker who leads the ...
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