Investor Presentaiton

Notable Tax Changes Affecting Louisiana Tax Collections . 1970 . Sales tax increase from 2 to 3% 1973 - Increase oil and gas taxes; reduction in sales taxes and PIT • 1977 – Increase in Corporate Income Tax - • 1980 - reduction in PIT; increased Homestead . Exemption • 1983 - increase in PIT . . . • - 1984 increase in sales tax, gasoline, tobacco, franchise, insurance 1986 Federal Tax Reform Act of 1986 - 1987-88 increase sales tax-eliminated sales tax - exemptions--temporary for over 15 years

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