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Below is a snapshot of key features of Louisiana's tax system. (Scroll Down)
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State & Local Revenue (FY08)
- General Revenue, Own-Source (GROS): $27.2 billion
- General Revenue as a Share of Income: 17.3%
- Tax Revenue: $18 billion
- Tax Revenue as Share of income: 11.4%
- Personal Income Tax (Share of Tax Revenue): 17.7% (38 out of 51)
- Corporate Income Tax (Share of Tax Revenue): 3.9% (24 out of 51)
- Sales & Excise Tax (Share of Tax Revenue): 52.9% (5 out of 51)
- Property Tax (Share of Tax Revenue): 15.8% (48 out of 51)
- Other Taxes (Share of Tax Revenue): 9.2% (3 out of 51)
Personal Income Tax Features (2011)
- Range of Tax Rates: 2.0% - 6.0%
- Standard Deduction: None
- Personal Exemption: None
- Dependent Exemption: None
- Earned Income Tax Credit (EITC): 3.5% Refundable
- Deduction for federal income taxes paid
- Offers deduction for state income taxes paid
Corporate Income Tax Features (2011)
- Range of Tax Rates: 4.00% - 8.00%
- Income Level at Which Top Rate Applies: $200,000
- Combined Reporting: No
- Apportionment Factor (Payroll): 0%
- Apportionment Factor (Property): 0%
- Apportionment Factor (Sales): 100%
- Apportionment Note: Certain corporations (including manufacturers) use specified formula; all others use equally weighted formula
Sales Tax Features (2011)
- State Sales Tax Rate: 4.00%
- Average Local Sales Tax Rate: 4.75%
- Average Combined State & Local Sales Tax Rate: 8.75%
- State Sales Tax Treatment of Groceries: Exempt
- Local Sales Tax Treatment of Groceries: Taxed
- Number of Services Taxed: 55 out of 168 surveyed
- Streamlined Sales Tax Membership: No
- Sales tax holiday offered in 2011
- Vendor Compensation available without ceiling
Property Tax Features (2011)
- Provides one of the largest property tax homestead exemptions in the country
- Large property tax exemptions for businesses provided via the "BETR" program.
Other Tax & Revenue Features (2011)
- Gasoline Tax Rate (per gallon): $0.20
- Diesel Tax Rate (per gallon): $0.20
- Cigarette Tax Rate (per pack): $0.36
- Estate or Inheritance Tax: No
- Net Lottery Sales Per Capita: $73
Tax Policy Oversight
- Tax Expenditure Report: Yes
- Tax Incidence Analysis Capability: None
Last Updated August 25, 2011
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