The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Ben Huxen.
DIGEST
SB 123 Original 2017 Regular Session Ward
Present law provides that the tax to be assessed, levied, collected, and paid on the La. taxable income
of every corporation shall be computed at the following rates:
(1)4% on the first $25,000 of La. taxable income.
(2)5% on La. taxable income above $25,000 but not in excess of $50,000.
(3)6% on La. taxable income above $50,000 but not in excess of $100,000.
(4)7% on La. taxable income above $100,000 but not in excess of $200,000.
(5)8% on all La. taxable income in excess of $200,000.
Proposed law eliminates the tiered tax rate schedule and provides a flat 6.5% tax on La. taxable
corporate income for all tax years beginning on and after January 1, 2018.
Effective if and when the Act which originated as Senate Bill No.___ of this 2017 Regular Session
of the Legislature is enacted into law and becomes effective.
(Amends R.S. 47:287.12)