Cost of Doing Business

Tax Structure

State Corporate Income Tax

4% on the first $25,000 of net income
5% on the next $25,000
6% on the next $50,000
7% on the next $100,000
8% on the excess of $200,000
Louisiana uses single sales factor

State Corporate Franchise Tax

$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 individuals filing single, married, filing separately, or head of household

Unemployment Insurance Tax

Standard rate range is .10% - 6.2%
Rate for new employers is the average rate for the particular industry
Maximum unemployment weekly benefit is $258 for 26 weeks

Parish Property

44.54 – 132.82 Mills*

Total Sales Taxes in Caddo Parish

7.35%**

Total Sales Taxes in Shreveport

8.60%

Total Sales Taxes in Vivian

7.85%

Total Sales Taxes in Oil City

8.35%

Total Sales Taxes in Mooringsport

8.35%

Total Sales Taxes in Greenwood

8.35%

* To calculate property tax, multiply the assessed value of the property by the appropriate millage rate. The assessed value is the fair market value of the property times 10% for real property or 15% for personal property.

** Sales taxes include a 4% state tax along with a local portion