KEY TAKEAWAYS:

Louisiana rises to 31st in tax competitiveness ranking, up six spots.

Flat 3% income tax , 5.5% corporate tax , and sales tax adjustments implemented.

GDP grew 4% and personal income 6.8% in Q2 2025, above U.S. averages.

Franchise tax repeal begins in 2026; standard deductions increased for households.

Louisiana’s tax system now ranks 31st in the country for competitiveness, up six spots from last year, according to the Tax Foundation ‘s new 2026 State Tax Competitiveness Index. The group said the state improved after lawmakers approved major changes late last year.

The state also has been performing better on economic metrics. Immediately after the tax reforms, the state’s economy shrank slightly, but since then has reversed course. According to the Bure

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