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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 – 22.75 mills
  • Consolidated Bossier Parish rate – 132.67 mills
  • Parish-wide Millage Rate (Average):  114.2 mills
Sales/Use Tax
  • 4.97% Louisiana state sales tax
  • City sales and use tax
    • Bossier City
      • 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
      • 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 half of the claimant’s previous wage for 26 weeks

UTILITIES

Electric Power
  • Provided by AEP Southwestern Electric Power Company (AEP/SWEPCO)
  • Serving more than 530,000 customers in the Ark-La-Tex
Natural Gas
  • Provided by Centerpoint Energy, Inc.
Water

Supplied by City of Bossier

  • 45,000,000 gpd Water Plant Capacity
  • 8,000,000-24,000,000 gpd Average Daily Consumption
  • 19,000,000 gpd Peak Consumption
  • 6,000,000 gpd Ground Storage Capacity
  • 7,000,000 gpd Elevated Storage Capacity
  • 75-85 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
  • 14,000,000 gpd Design Capacity
Telecommunications

Local service provided by AT&T and SuddenLink

  • AT&T Services include
    • Over 20 traditional calling features, long-distance calling, keep you current telephone number and additional bundled services.
  • SuddenLink Services:
    • Unlimited long-distance, bundled services, keep your existing telephone number.

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