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

Commercial	7.69 ¢/kWh	7.88 ¢/kWh	10.26 ¢/kWh
	SWEPCO average Commercial rate is 2.4% less expensive than the state average, 35.9% less than the national average!
Industrial	7.41 ¢/kWh	7.52 ¢/kWh	9.47 ¢/kWh
	SWEPCO average Industrial rate is 1.5% less expensive than the state average, 33.1% less than the national average!

Natural Gas

Provided by Centerpoint Energy, Inc.

Water

Supplied by City of Bossier

50,000,000 gpd Water Plant Capacity
8,000,000-12,000,000 gpd Average Daily Consumption
23,000,000 gpd Peak Consumption
6,000,000 gpd Ground Storage Capacity
7,500,000 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
11,000,000,000 gpd Average Daily Load
18,000,000 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.