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Franchise Tax is levied at the rate of $1.50 per $1,000 on the first $300,000
of capital stock, surplus, undivided profits and borrowed capital employed
in Louisiana. The rate is $3.00 per $1,000 after the first $300,000 with a
minimum tax of $10 per year. See Incentives section below for a description
of the various ways that qualifying Louisiana companies can offset Corporate
In addition to the above, Louisiana is phasing out the Corporate Franchise Tax on long-term debt by excluding "borrowed capital" from the definition of "taxable capital". As of December 31, 2009, 70% of borrowed capital will be excluded and 100% will be excluded as of December 31, 2010.
526 Georgia Ave.
P. O. Box 668 Bogalusa, LA
Washington Parish Economic Development Foundation
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