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

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

• 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

LOUISIANA STATE SALES TAX: 4.97%

CITY SALES & 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, 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