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Major changes are coming to Louisiana in 2025—from voting rules to tax overhauls and consumer protections. ... registration form. Act 317: Effective Jan. 1, 2025, ... adopts a flat rate ...
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%.
Louisiana Governor Jeff Landry has called a Special Session on November 6 to overhaul the state's tax system including income and sales tax rates.
The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...
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 ...
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").
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 ...
Toggle the table of contents. 2025 in Louisiana. Add languages. ... The following is a list of events of the year 2025 in Louisiana. Incumbents. State government ...