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TAXES

Louisiana Corporate Income Tax Rates

Federal income taxes are an allowable deduction in computing Louisiana taxable income.  The tax structure is:

  • 4% on the first $25,000 of net income
  • 5% on the second $25,000
  • 6% on the next $50,000
  • 7% on the next $100,000
  • 8% on the excess over $200,000
Corporate Franchise Tax

Franchise tax is assessed on the value of all real and personal property in teh state, or the amount of issued and outstanding capital stock, surplus, undivided profits and borrowed capital. The rate is:

  • $1.50 per $1,000, or major fraction thereof up to $300,000
  • $3.00 per $1,000, or major fraction thereof in excess of $300,000
Personal Income Tax (Effective January 1, 2009)
  • Tax rates for individual filing single, married filing separately, or head of household are
    • 2% of the first $12,500
    • 4% of the next $37,500
    • 6% of taxable income over $50,000
  • The above rates remain the same for married couples filing a joint return; however, the taxable income amounts are doubled
  • Louisiana’s simplifid income tax includes a combined personal exemption and standard deduction of $4,5000 ($9,000 for married couples filing jointly)
  • Dependent deduction of $1,000 per dependent
  • Age 65 or over deduction is $1,000 for the taxpayer and/or dependent
  • Blind deduction is $1,000 for the taxpayer and/or dependent

Source: Louisiana Department of Revenue

Property Tax
  • Industrial and commercial improvements are assessed at 15% of the fair market value
  • Land and residences are assessedat 10% of the fair market value
  • $75,000 parish homestead exemption is allowed on residences occupied by the owner
  • City of Bossier rate – 21.69 mills (2009)
  • Consolidated Bossier Parish rate – 77.61 mills
Sales/Use Tax
  • 4% Louisiana state sales tax
  • City sales and use tax
    • Bossier City – Effective January 1, 2005
      • 2.50% City of Bossier sales tax
      • 1.75% School Board sales tax
      • 0.50% Bossier Parish Police Jury sales tax
      • 0.25% Law enforcement sales tax
      • 5.00% Total
    • Benton, Haughton, and Plain Dealing – Effective January 1, 2005
      • 2.50% City of Bossier sales tax
      • 1.75% School Board sales tax
      • 0.75% Bossier Parish Police Jury sales tax
      • 0.25% Law enforcement sales tax
      • 5.25% Total
    • Shreveport
      • 2.75% City of Shreveport sales tax
      • 1.50% School Board sales tax
      • 0.35% Law enforcement sales tax
      • 4.60% Total
Unemployment Insurance Tax
  • Taxable base is $7,000 per employee
  • Standard rate range is 0.10 – 6.2%
  • Rate for new employers is the average rate for the particular industry
  • Maximum unemployment weekly benefit is $258 for 26 weeks

UTILITIES

Electric Power
  • Provided by AEP Southwestern Electric Power Company (AEP/SWEPCO)
  • Serving more than 454,000 customers in Northwest Louisiana (174,000), Northeast Texas (168,000), and Western Arkansas (112,000)
Natural Gas
  • Provided by Centerpoint Energy Arkla
Water
  • Supplied by City of Bossier
  • 25,000,000 gpd Water Plant Capacity
  • 10,500,000 gpd Average Daily Consumption
  • 19,000,000 gpd Peak Consumption
  • 5,000,000 gpd Ground Storage Capacity
  • 5,000,000 gpd Elevated Storage Capacity
  • 70 psi Pressure in Mains
Sewer
  • Suppplied by City of Bossier
  • Activated sludge extended aeration treatment plants – Red River & Northeast Treatment Plants
  • 10,5000,000 gpd Average Daily Load
  • 14,5000,000 gpd Design Capacity
Telecommunications
  • Local service provided by AT&T
  • Services include
    • Secure access to local and long distance voice and data networking services for all business customers
    • Local and long distance services can be bundled with dial up and high speed DSL internet access, satellite television and wireless services for residential and small business customers
  • All major long distance service providers available

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