With the passage of Constitutional Amendment #2, some provisions of Act 389 of the 2021 Regular Session of the Louisiana Legislature became effective. Effective for franchise tax periods beginning on or after January 1, 2023, Act 389 reduced the tax rate to a single rate of $2.75 for each $1,000, or major fraction thereof in excess of $300,000 of capital employed in Louisiana. The Act also continued the suspension of the lower tier of the tax ($1.50) through corporation franchise tax periods ending on or before November 30, 2023. (New question & answer posted on January 3, 2022.)