§287.12. Rates of tax

            For taxable years beginning on or after January 1, 2025, the tax to be assessed, levied, collected, and paid upon the Louisiana taxable income of every corporation shall be computed at the rate of five and one-half percent.

            Acts 1986, 1st Ex. Sess., No. 16, §1, eff. Dec. 24, 1986; Acts 2016, 1^st Ex. Sess., No. 8, §1; Acts 2021, No. 396, §1, eff. Jan. 1, 2022; Acts 2024, 3rd Ex. Sess., No. 5, §1, eff. Jan. 1, 2025.

            NOTE: See Acts 2024, 3rd Ex. Sess., No. 5, §4, regarding applicability to franchise tax periods beginning on or after Jan. 1, 2026.