Lousiana – Changes to Frachise Tax

Effective March 10, 2016,  limited liability companies are now taxed and treated as corporations for state income and franchise tax purposes. Previously, only corporations were subject to state franchise tax in Louisiana.

Act 12 – HB 19 is effective for taxable periods beginning on or after January 1, 2017. For calendar year taxpayers, this franchise tax period is reported on the 2016 corporate income and 2017 franchise tax return.