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Revenue Revenue Processing Center P.O. Box 4998 Baton Rouge, LA 70821-4998 Phone: (855) 237-6762 Fax: (225) 237-6762 Louisiana Revised Statute 47:301(3)(i), (13)(k) and 47:305.25 provide an exemption on the sales price of qualifying farm equipment. Purchasers must be certified as commercial farmers by the Louisiana Department of Revenue and a copy of the approved R-1091 must be attached to this exemption certificate to confirm the purchaser s exempt status. The vehicle identified below is a u.

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Separately stated shipping and delivery charges are generally exempt from state sales tax in Louisiana, whether delivered by a seller's vehicle, third party, or common carrier. For taxable sales, delivery and shipping charges included in the sale price are generally subject to state sales tax.

Corporate Franchise Tax The rate is $1.50 per $1,000 on the first $300,000 of capital stock, surplus, undivided profits, and borrowed capital employed in Louisiana. $3 per $1,000 after first the $300,000.

How do I get a farm exemption in Louisiana? Farmer Certification The purchaser must complete the R-1060 and attach a copy of their LDR-approved R-1085 (Farmer or Agricultural Facility Certification) to be exempted from state sales tax on the first $50,000 of the sales price of the items listed below.

Members of an LLC are taxed at the 15.3% federal self-employment tax rate (12.4% for social security and 2.9% for Medicare) and pay a personal income tax rate between 1.85% and 6% at the state level.

General partnerships do not pay annual tax; however, limited partnerships are subject to the annual tax of $800. For information on estimated payments, go to our due dates page.

The partnership tax generally applies to partnerships that engage in business in Louisiana and have nonresident partners. A 4.25% tax is assessed on the total distributive shares for nonresident partners.

Tax rate. The withholding tax rate on a partner's share of ECI is 37% for noncorporate partners and 21% for corporate partners. However, the partnership may withhold at the highest rate applicable to a particular type of income allocated to a partner, provided the partnership received the appropriate documentation.

Partners who are Louisiana resident estates and trusts are required to file Form IT-541 to report partnership income. Partners who are themselves partnerships are required to file all applicable Louisiana tax returns.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232