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But to offset the loss of income tax revenue Landry is proposing making permanent a 0.45-cent sales tax set to expire in 2025 and adding sales tax to hundreds of services like car washes ...
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%.
Lawmakers approved a flat 3% individual income tax rate, leading to a $1.3 billion cut. Previously, the personal income tax rate had stood at 4.25% for people earning $50,000 or more. Louisiana Republicans said the measure advanced their goal of ultimately eliminating the income tax in the future. “Income tax is a mandate; you have to pay it.
Digital goods are software programs, music, videos or other electronic files that users download exclusively from the Internet. [1] Some digital goods are free, others are available for a fee. The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe.
Archon software and services has been behind multiple online tax sales throughout the State of Louisiana. These were first of its kind in the region, and the first tax sales of any kind post-Katrina. [6] Archon services also facilitated all the statutory requirements relative to tax sale notifications, certificates and filings.
Louisiana taxpayers will have to wait at least another year before lawmakers consider eliminating the state's $4.5 billion income tax again. Republican Columbia state Rep. Neil Riser's House Bill ...
In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income ...
Governor Jeff Landry's tax Secretary Richard Nelson said the Legislature must consider 'comprehensive change' in Louisiana tax code. Can Louisiana eliminate income tax facing $600 million budget ...
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