OrbitaxLouisiana Tax Reform Includes New Flat Income Tax Rates and Repeal of Corporation Franchise Tax
|Approved Changes|United States
The Governor of the U.S. State of Louisiana signed several tax reform bills into law on 4 December 2024. The main bills include the following:
- House Bill (HB) 2, which provides for a change in the corporate income tax rates to a flat rate of 5.5% with effect from 1 January 2025;
- House Bill (HB) 3, which provides for the repeal of the corporation franchise tax with effect from 1 January 2026,…
