Louisiana Tax Rates & Rankings - Tax Foundation
Explore the latest Louisiana tax data, including Louisiana tax rates, collections, burdens, and more with the Tax Foundation's tax data explorer tool.
Louisiana Tax Reform 2024: Details & Analysis - Tax Foundation
Dec 9, 2024 · Louisiana will soon join the flat tax revolution with a single-rate income tax structure. Explore recent Louisiana tax reform changes. Lawmakers will enter the 2025 fiscal legislative session with an opportunity to build on the successes of the November special session.
2025 State Tax Changes Taking Effect January 1st | Tax ... - Tax Foundation
Dec 19, 2024 · Thirty-nine states will begin 2025 with notable taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. changes, including nine states cutting individual income taxes (two of them implementing flat taxes), three states cutting corporate income taxes ...
Louisiana lawmakers pass income and corporate tax cuts, raising ...
Nov 23, 2024 · Landry and other Republican lawmakers had touted these tax cuts as crucial to removing obstacles to attract job-generating companies to the state and to improve Louisiana’s place on Tax Foundation’s rankings for business climate.
Louisiana Has a New Income Tax Rate: What It Means for You
Nov 25, 2024 · Louisiana has just revamped its tax system and the changes that kick in next year could significantly impact residents' wallets. Led by Gov. Jeff Landry, this comprehensive reform is designed...
Louisiana flat tax bill clears first hurdle alongside franchise tax ...
Nov 7, 2024 · The flat tax proposal would eliminate Louisiana’s three graduated income tax brackets and replace them with a single flat rate of 3% on all income. It would also establish a much higher $12,500 standard deduction per filer, up from $4,500.
Tax Foundation applauds changes made to the state’s tax code
Dec 1, 2024 · The nonprofit Tax Foundation says changes made to improve Louisiana’s tax code by lawmakers during the special session will move the Bayou State out of the bottom in their rankings for tax codes.
Landry Administration Offers First Glimpse at Tax Reform Strategy
Jul 15, 2024 · Louisiana ranked 12th best for its tax burden and 15th for the percentage of tax burden based on income, according to figures Abraham provided from the Tax Foundation.
This is the Year to Fix Louisiana’s Tax Structure - Council for A ...
Feb 19, 2021 · The Tax Foundation, an independent national tax policy organization, recently released a new report on individual income taxes. Its study found that Louisiana’s top income tax rate is higher than what you see in most of the southern and regional states we …
Louisiana Fiscal Session Finishes Strong with Tax Reform - Tax Foundation
Jun 11, 2021 · Learn more about the recently passed Louisiana tax reform package, including new Louisiana individual income tax rates and corporate income tax rates.