Bill
Bill > HB437
LA HB437
LA HB437Provides for a flat rate for purposes of calculating the corporation income tax (OR -$134,000,000 GF RV See Note)
summary
Introduced
03/30/2023
03/30/2023
In Committee
04/10/2023
04/10/2023
Crossed Over
Passed
Dead
06/08/2023
06/08/2023
Introduced Session
2023 Regular Session
Bill Summary
Provides for a flat rate for purposes of calculating the corporation income tax (OR -$134,000,000 GF RV See Note)
AI Summary
This bill provides for a flat 5% rate for calculating the corporation income tax in Louisiana, replacing the previous tiered rates of 3.5%, 5.5%, and 7.5%. The new flat rate will apply to all taxable years beginning on or after January 1, 2026, when the bill becomes effective.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Committee on (10:00:00 4/17/2023 ) (on 04/17/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=23rs&b=HB437&sbi=y |
| Fiscal Note - HB437 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1311878 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1308833 |
| Analysis - Digest of HB437 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1308836 |
Loading...