§ 82-667. Stocks, bonds or cotton factor, commission or brokerage business.

(a)

For carrying on the pursuit known as cotton factor and commission business, cotton future brokerage business, or stocks or bonds brokerage business, whether buying or selling for actual spot or future delivery, where the intention of the pursuit is to make an earnest or bona fide delivery, the license tax shall be based on the gross annual commissions and brokerage earned on sales and purchases originating in the parish. The amount of this license tax shall be as shown in the following table:

If the gross commissions are:
As much as	But less than	The annual license tax shall be
$      0.00	5,000.00	$   15.00
5,000.00	10,000.00	30.00
10,000.00	15,000.00	50.00
15,000.00	20,000.00	70.00
20,000.00	25,000.00	90.00
25,000.00	30,000.00	112.00
30,000.00	40,000.00	137.00
40,000.00	50,000.00	180.00
50,000.00	65,000.00	225.00
65,000.00	80,000.00	300.00
80,000.00	100,000.00	360.00
100,000.00	125,000.00	450.00
125,000.00	150,000.00	600.00
150,000.00	175,000.00	675.00
175,000.00	200,000.00	750.00
200,000.00	250,000.00	900.00
250,000.00	300,000.00	1,050.00
300,000.00	350,000.00	1,200.00
350,000.00	400,000.00	1,400.00
400,000.00	450,000.00	1,600.00
450,000.00	500,000.00	1,800.00
500,000.00	—	2,000.00

 

(b)

In determining the amount of gross annual commissions and brokerage to be subject to the tax, each such business shall deduct therefrom 40 percent in the case of purchases and sales of stocks and bonds consummated on exchanges located outside of the state, and 55 percent on purchases and sales of commodities consummated on exchanges located outside of the state.

(Parish Code 1977, § 13-52)

State law reference

Similar provisions, R.S. 47:357.