Louisiana Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• Louisiana Film Tax Credit Costs More Than It Brings In - 05/2013
• State News Quick Hits: Ohio and Minnesota On Opposite Income Tax Tracks, and More - 04/2013
• Louisiana Tax Overhaul Collapse as Bellwether? We Can Only Hope. - 04/2013



ITEP in the News

• The Fiscal Times: Bobby Jindal's Failure Ruins Chances of Tax Reform - 04/2013
• The Times-Picayune: Behind Jindal's tax plan, an old debate that still rages - 04/2013
• MSNBC: Jindal's radical tax plan not yet dead - 04/2013
• The Times Picayune: Gov. Bobby Jindal's tax plan not 'dead on arrival,' House Ways and Means chairman says - 04/2013
• The Lens: If everyone wins, as Jindal claims, his tax plan math is bogus - 03/2013



ITEP Numbers and Reports

• Governor Jindal's Tax Plan Would Increase Taxes on Poorest 60 Percent of Louisianans - 04/2013
• Louisiana Budget Project: Eliminating Louisiana's Income Taxes Will Hurt the State's Economy - 03/2013
• Who Pays? (Fourth Edition) - 01/2013
• Proposal to Eliminate Income Taxes Amounts to a Tax Increase on Bottom 80 Percent of Louisianans - 01/2013
• Louisiana Budget Project: Louisiana's Earned Income Tax Credit: A Smart Investment in Working Families and Children - 10/2012






RESOURCES




State Tax & Revenue Information

• Louisiana Department of Revenue - Publications
• Louisiana Office of Planning & Budget
• Louisiana Legislative Fiscal Office - Revenue & Economic Documents
• Louisiana Legislative Fiscal Office - Fiscal Highlights & Pocket Guides



Tax Expenditure Reports

• Louisiana Tax Exemption Budget



State Statutes & Legislation

• Louisiana Constitution & Revised Statutes
• Louisiana State Legislature - Bill Search



State Tax Forms

• Louisiana Department of Revenue - Current Tax Forms





ORGANIZATIONS



• Louisiana Budget Project
• Agenda for Children
• Public Affairs Research Council of Louisiana

Louisiana
By the Numbers

Below is a snapshot of key features of Louisiana's tax system. (Scroll Down) State & Local Revenue (FY10) General Revenue, Own-Source (GROS): $26.2 billion General Revenue as a Share of Income: 15.9% Tax Revenue: $16.2 billion Tax Revenue as Share of income: 9.8% Personal Income Tax (Share of Tax Revenue): 14.2% (40 out of 51) Corporate Income Tax (Share of Tax Revenue): 2.4 % ( 32 out of 51) Sales & Excise Tax (Share of Tax Revenue): 53.9 % ( 3 out of 51) Property Tax (Share of Tax Revenue): 20.9 % ( 46 out of 51) Other Taxes (Share of Tax Revenue): 7.8 % (13 out of 51) Personal Income Tax Features (2012) 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 Deduction for state income taxes paid Corporate Income Tax Features (2012) 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 (2012) 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 2012 Vendor Compensation available without ceiling Property Tax Features (2012) 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 (2012) 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: $78 Tax Policy Oversight Tax Expenditure Report: Yes Tax Incidence Analysis Capability: None Last Updated October 4, 2012 Sources & Glossary