Louisiana Business Corporate Tax, Louisiana Personal Income Tax, Louisiana Sales Tax Rates

What is the Louisiana Corporate net income tax rate(s)?

0-25,000                     4%
25,000-50,000          5%
50,000-100,000       6%
100,000-200,000    7%
200,000 +                 8%

Louisiana also has a franchise tax of $1.50 for each $1000 of assets in the State of Louisiana. It goes to $3 per $1000 after $300,000 of equipment.

What is the Louisiana personal net income tax rate(s)?

0-12,500                2%
12,500-50,000     4%
50,000 +               6%

What is the average Louisiana sales tax rate(s)?

8.43% The state has a 4% tax, but the average local tax is 4.43% making a total of 8.43%.

Are there standard deductions?

Single:  none
Joint:  none

Are there personal exemptions?

Single:  $4,500
Dependants:  $1,000

What forms do you file for your Louisiana taxes?

C corporations:   Form CIFT – 620
Partnerships:  Form 65, Schedule K1
Individual:  Form IT-540

Estimated tax payments?

Form CIFT 620EXT for corporations with more than $500 in tax liability. Louisiana follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year. Individual estimated tax payments are done with form IT-540ES

Louisiana Department of Revenue:

Louisiana Department of Revenue
PO Box 201
617 North Third Street
Baton Rouge, LA 70821
Telephone: 225-219-7462
Louisiana Department of Revenue Website

If you use Northwest Registered Agent as your Louisiana non profits for only $100.