Investor Presentaiton

Interstate Income Tax Comparison State State Rates # of Brackets SD/PE Highest Rate Federal Applicable Deductibility Louisiana 2 to 6% 3 $11,000 $100,000 Yes North 5.75% 1 $0 0 No Carolina South 3.0 to 7.0% 5 Federal $24,800 No Carolina Standard Exemption Tennessee Applies to interest and dividend income only, 6% rate Texas None Virginia 2 to 5.75% 4 $9,720 $17,000 No West Virginia 3 to 6.5% 5 LO $8,000 $60,000 No

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