§287.12. Rates of tax

            The tax to be assessed, levied, collected, and paid upon the Louisiana taxable income of every corporation shall be computed at the rate of:

            (1) Three and one-half percent upon the first fifty thousand dollars of Louisiana taxable income.

            (2) Five and one-half percent on the amount of Louisiana taxable income above fifty thousand dollars but not in excess of one hundred fifty thousand dollars.

            (3) Seven and one-half percent on the amount of Louisiana taxable income above one hundred fifty thousand dollars.

            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.