The Official Website of the Louisiana Department of Revenue
All corporations and entities taxed as corporations for federal income tax purposes deriving income from Louisiana sources, whether or not they have any net income, must file an income tax return. Corporations that obtain a ruling of exemption from the Internal Revenue Service must submit a copy of the ruling to the Department to obtain an exemption.
To determine if your corporation is liable for corporation income tax, complete Form R-4310, the Questionnaire To Assist in Determining Liability For Corporation Income Tax Or Corporation Franchise Tax.
Corporations will pay tax on net income computed at the following rates:
Returns and payments are due on or before the 15th day of the fourth month following the close of an accounting period (April 15 for a calendar year).
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Any corporation meeting any of the following provisions, unless specifically exempted under the provisions of R.S. 47:608, must file a Louisiana corporation franchise tax return:
To determine if your corporation is liable for corporation franchise tax, complete Form R-4310, the Questionnaire To Assist in Determining Liability For Corporation Income Tax Or Corporation Franchise Tax.
$1.50 for each $1,000 or major fraction thereof up to $300,000 of capital employed in Louisiana, and $3 for each $1,000 or major fraction thereof in excess of $300,000 of capital employed in Louisiana, with a the minimum tax of $10 per year. The initial corporation franchise tax is $10. For information concerning capital employed in Louisiana and computation of the tax, see the instructions for Forms ICFT-620 and 620A.
Initial return: An initial return covering the period beginning with the date the corporation first becomes liable for filing a return and ending with the next close of an accounting period must be filed on or before the 15th day of the third month after the corporation first becomes liable.
Annual return:Louisiana corporation franchise tax accrues on the first day of each accounting year, and the return for that period must be filed on or before the 15th day of the fourth month of that accounting year.
Any corporation that can reasonably expect its estimated tax for the taxable year to be $1,000 or more must file a declaration of estimated tax and pay installments of the tax according to a schedule shown on the declaration voucher. Underpayment of or failure to pay estimated tax may result in an additional amount due determined at the rate of 12 percent annually on the amount underpaid.
