Frequently Asked Questions
Is there a $10 minimum amount imposed for corporation franchise tax on the Corporation Income and Franchise tax return?
No. Act 476 of the 2009 Regular Legislative Session was amended to repeal the imposition of the $10 minimum franchise tax for corporations. For tax periods after January 1, 2010, corporation franchise tax is calculated at a rate of $1.50 for each $1,000, or the major fraction thereof, on the first $300,000 of capital employed in Louisiana and at a rate of $3 for each $1,000, or major fraction thereof that exceeds $300,000. The franchise tax calculated as a result of that two-part calculation is the amount of franchise tax that should be remitted.