DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 209 Original 2021 Regular Session DeVillier
Abstract: Changes the corporate income tax rate from a graduated schedule of rates dependent on
the taxable income of the taxpayer to a flat rate of 5%.
Present law requires that the tax to be assessed, levied, collected, and paid on the La. taxable income
of every corporation to 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 changes present law by eliminating the graduated schedule of rates dependant on the
amount of taxable income of the taxpayer in favor of a flat 5% corporate income tax rate.
Applicable to tax years beginning on or after Jan. 1, 2023.
Effective Jan. 1, 2023 if the proposed amendment of Article VII of the Constitution of La. contained
in the Act which originated as House Bill No. ___ of the 2021 Regular Session of the Legislature
is adopted at a statewide election and becomes effective.
(Amends R.S. 47:287.12)