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The opening of tax filing season is here, and the Louisiana Department of Revenue has issued guideline for expecting returns. Louisiana begins tax season, Here's when you can expect your refund ...
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%.
Sales tax hike. With the personal income tax reductions reducing annual revenue by $1.3 billion, Landry’s original plan had called for applying sales taxes to dozens of services like car-washing ...
Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes.
A flat 3% income tax. 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 ...
BATON ROUGE — A House tax committee voted Thursday to advance Gov. Jeff Landry’s proposal for a flat 3% personal income tax rate. If approved by the full House and Senate, the plan would ...
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