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The port generates $100 million in revenue annually through its four lines of business – cargo (46%), rail (31%), cruise (16%), and industrial real estate (7%). As a self-sustaining political subdivision of the State of Louisiana, it receives zero tax dollars. In 1946, a foreign-trade zone was established in the port.
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 ...
The ports of New Orleans, South Louisiana, and Baton Rouge cover 172 miles (277 km) on both banks of the Mississippi River. The Mississippi River-Gulf Outlet Canal (now closed by a rock dike built across the channel at Bayou La Loutre) extends 67 miles (108 km) from New Orleans to the Gulf of Mexico, and the channel up the Mississippi River from New Orleans to Baton Rouge runs at a 48-foot (14 ...
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico.
Republican Gov. Jeff Landry's goal to repeal or reduce the Louisiana income tax and simplify the state's convoluted tax code will have to wait until at least next year after Legislative leaders ...
The U.S. Postal Service (USPS) will raise shipping prices in early 2025 while keeping the cost of first-class stamps unchanged. The proposed price hikes, which would take effect Jan. 19, include a ...
1937 poster celebrating the United States' first foreign trade zone, Staten Island In the United States, a foreign-trade zone (FTZ) is a geographical area, in (or adjacent to) a United States Port of Entry, where commercial merchandise, both domestic and foreign, receives the same Customs treatment it would if it were outside the commerce of the United States.
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