Louisiana Bill on Flat Corporation Income Tax Rate

Wednesday, March 16th, 2016

 
 
The Louisiana Department of Revenue
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On March 9, 2016, the Louisiana governor signed legislation to make the corporation income tax a flat rate.

Currently, Louisiana uses graduated tax rates from 4% to 8% based on a corporation's net income. The new bill would establish a flat rate of tax at 6.5% for all taxable corporation income in Louisiana.

The flat rate will take effect January 1, 2017, but only if voters approve an amendment to the Louisiana Constitution in the November state election. The amendment would get rid of the deduction for federal income taxes paid.

http://www.legis.la.gov/legis/ViewDocument.aspx?d=984908


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