What is 1031 tax deferred exchange

This additional state sales tax is levied upon the sale at retail, the use, the consumption, the distribution and the lease or rental of an item of . Louisiana courts have also applied the Louisiana Civil Code provisions equating tangible personal property for sales tax purposes with “ . State residents are also able to take deductions on their state income taxes. The standard deduction for Louisiana is $5for single or married filing single . The administration, collection and enforcement of local sales and use taxes is governed by the Louisiana Revised Statutes Sections 47:3(Definitions), 47: 305 . As a result, taxes pose a greater than typical financial burden on many Louisiana residents. Though the state property and income tax collections . Americans pay about $50a year in state and local taxes , about of their.

Income per capita in Louisiana is about $40a year, nearly . The Assessor is responsible for filing the Tax Roll annually with the Louisiana Tax Commission on which all the property taxes are based.