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 210 Original 2021 Regular Session Wright
Abstract: Changes the corporation income tax rate from a graduated schedule of rates dependent
on the taxable income of the taxpayer to a flat rate of 3%.
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 deletes the graduated schedule of rates dependant on the amount of taxable income of
the taxpayer and provides instead for a 3% corporation income tax rate on all La. taxable income.
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 this 2021 R.S. of the Legislature is adopted at
a statewide election and becomes effective.
(Amends R.S. 47:287.12)