Initial return: An initial return covering the period beginning with For information concerning capital employed in Louisiana and computation of the tax, see the instructions for Form CIFT-620. The initial corporation franchise tax is $110. Of $300,000 of capital employed in Louisiana.įor periods beginning on or after January 1, 2023, $2.75 for each $1,000 or major fraction thereof in excess of $300,000 of capital employed in Louisiana. is not considered to be a corporation for franchise tax purposes, and therefore is not subject to Louisiana franchise tax.įor periods beginning prior to January 1, 2023, $1.50 for each $1,000 or major fraction thereof up to $300,000 ofĬapital employed in Louisiana, and $3 for each $1,000 or major fraction thereof in excess Subtitle A, Chapter 1, Subchapter S, is not subject to franchise tax.įor franchise tax periods beginning before January 1, 2017, an L.L.C. Subtitle A, Chapter 1, Subchapter S on the first day of the franchise tax period is not subject to franchise tax.Īny other entity that was acquired during the period Januto December 31, 2013, by an entity that was taxed pursuant to 26 U.S.C. qualified and eligible to make an election to be taxed in accordance with the provisions of 26 U.S.C. Subtitle A, Chapter 1, Subchapter C for federal income tax purposes, is now subject to franchise tax if it meets any of the criteria listed above, with 2 exceptions:Īny L.L.C. An entity taxed as a corporation pursuant to 26 U.S.C. Act 12 of the 2016 First Extraordinary Session extended the imposition of the franchise tax to additional types of entities. Starting with the 2017 Franchise tax period, a limited liability company (L.L.C.) for Louisiana franchise tax purposes is treated and taxed in the same manner that it is treated and taxed for federal income tax purposes. Partnership, joint venture, or any other business organization of which theĭomestic or foreign corporation is a related party as defined in R.S. Property in this state whether owned directly or indirectly by or through a Owning or using any of the corporate capital, plant, or other Qualified to do business in this state or doing business in this state.Įxercising or continuing the corporate charter within this state. 47:608, must file a Louisiana corporation franchise tax return: Meeting any of the following provisions, unless specifically exempted under the provisions Returns and payments are due on or before the 15th day of the fifth month following the close of an accounting periodĪny corporation or entity taxed as a corporation for federal income tax purposes Oğour and twenty-five one hundredths percent on the excess over $100,000 O Three and one-half percent on the next $75,000 O Six percent on the excess over $100,000įor periods beginning on or after Janupay tax on net income computed at the following rates: o One and eighty-five one hundredths percent on the first $25,000 of net income Pay tax on net income computed at the following rates for periods beginning prior to January 1, 2022: o Two percent on the first $25,000 of net income 287.732.2 will:Ĭompute net income as if they filed a C-corporation return at the federal level, and Seven and one half percent on the excess over $150,000Įffective for tax periods beginning on and after January 1, 2019, Subchapter S Corporations and other pass-through entities who receives an acceptance of the Pass-through Entity Tax Election under LA R.S. Three and one half percent on the first $50,000įive and one half percent on the next $100,000 Eight percent on the excess over $200,000įor periods beginning on or after Janucorporations will pay tax on net income computed at the following rates:.Four percent on the first $25,000 of net income. The Internal Revenue Service must submit a copy of the ruling to the Departmentįor periods beginning prior to Janucorporations will pay tax on net income computed at the following rates: Corporations that obtain a ruling of exemption from Fairs, Festivals, and Other Special EventsĪll corporations and entities taxed as corporations for federal income tax purposesĭeriving income from Louisiana sources, whether or not they have any net income,.Online applications to register a business. Submit state and local sales and use tax returns and remittances from one centralized site
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