For years, Louisiana business owners felt the state was punishing them for existing. Specifically, the state franchise tax has been a thorn in the side of entrepreneurs because it taxed capital rather than profit. This felt like a hidden fee for the privilege of doing business, regardless of whether you had a banner year or struggled to break even. Fortunately, the tides are finally turning. A major Louisiana tax shift is underway as the state begins the phase-out of this tax.
