Taxes and Incentives

Sales Tax (2004) and Millage Rates (2003)

Jurisdiction Total Rate State Rate Parish Rate New Iberia 8.50% 4% 4.50% Jeanerette 8.50% 4% 4.50% Delcambre 7.75% 4% 3.75% Loreauville 8.25% 4% 4.25% Balance of Parish 7.25% 4% 3.25%

Source: Iberia Parish Tax Collector

Iberia Parish 2003 Millage Rates Parish 1st Ward - 79.39 Parish 2nd Ward - 79.39 Parish 3rd Ward - 81.14 Parish 4th Ward - 79.39 New Iberia Wards 1-N, 2-N, 4-N, 5-N 70.14 City of New Iberia - 23.74 Jeanerette Ward 3-J 71.89 City of Jeanerette - 22.09 Village of Loreauville - 7.80 Loreauville Ward 4-L 70.14 Town of Delcambre - 7.26 Delcambre Ward 1-D 70.14

Source: Iberia Tax Assessor

Louisiana is Business-Friendly!

Among the major pro-business incentives available through the Department of Economic Development are: the Industrial Tax Exemption, Enterprise Zone Program, and Restoration Tax Abatement. Other incentives administered by the Office of Commerce and Industry include: Quality Jobs, Biomedical Research Park, University Research Parks, and Film and Video. Incentives administered by the Department of Revenue and Taxation include: Corporate Jobs Tax Credit, Inventory Tax Credit, Freeport Laws, Training Assistance and others.

Other incentives of the Louisiana Department of Economic Development are applicable to small businesses: Small Business Equity Program, Economically Disadvantaged businesses, Small Business Innovative Research Matching Grant Program, and the Venture Capital Co-Investment Program.

You can click on the links above to learn more about the incentive programs offered, then contact the IDF to find out how we can assist you in applying for the various  programs.

Louisiana Tax Rankings

You can find out further information on taxes in Louisiana by visiting the Louisiana Department of Economic Developments website by clicking here.