Louisiana enacts single sales factor for eligible businesses

June 2012

Overview

On May 31, 2012, Governor Bobby Jindal signed in to law H.B. 729, allowing a business to participate in the Corporate Tax Apportionment Program ("Program"), under which a qualified business may utilize single sales factor apportionment. The apportionment formula applies to corporate income tax periods beginning on or after January 1, 2013, and for corporation franchise tax periods beginning on or after January 1, 2014. [H.B. 729, signed 5/31/12]

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