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Louisiana Revised Statutes Tit. 47, § 357. Brokerage and commission agents

Current as of January 01, 2023 | Updated by Findlaw Staff

A. For every factorage, commission, or brokerage business; dealers in stocks or bonds as principal; stocks, bonds, or cotton factors, commission or brokerage businesses, whether or not the principal or party solicited is within or without the state, including but not limited to all businesses enumerated in this Section, the license shall be based on gross annual commissions and brokerages earned on sales and purchases. The amount of the license shall be as shown in the table below and shall be subject to applicable deductions.

If the Gross Annual Commission and Brokerage are:

As Much As

But Less Than

The Annual License
Shall Be:

$ 0

$ 15,000

$ 50

15,000

20,000

70

20,000

25,000

90

25,000

30,000

112

30,000

40,000

137

40,000

50,000

180

50,000

65,000

225

65,000

80,000

300

80,000

100,000

360

100,000

125,000

450

125,000

150,000

600

150,000

175,000

675

175,000

200,000

750

200,000

250,000

900

250,000

300,000

1,050

300,000

350,000

1,200

350,000

400,000

1,400

400,000

450,000

1,600

450,000

500,000

1,800

500,000

550,000

2,000

550,000

600,000

2,200

600,000

650,000

2,400

650,000

700,000

2,600

700,000

750,000

2,800

750,000

800,000

3,000

800,000

850,000

3,200

850,000

900,000

3,400

900,000

950,000

3,600

950,000

․․․․․․․

3,700

B. This schedule includes, but is not limited to:

(1) Brokerages in money, produce, or sugar.

(2) Cotton compress businesses.

(3) Cotton factor and commission businesses.

(4) Cotton future brokerages.

(5) Cotton pickeries.

(6) Distillers of alcohol.

(7) Grain and product commission houses.

(8) Businesses engaged in leasing, renting, or licensing the use of immovable property.

(9) Livestock auctions.

(10) Manufacturer's agents.

(11) Operators of office buildings.

(12) Owners or lessees of toll bridges or ferries.

(13) Real estate brokers.

(14) Slaughter houses.

(15) Steamboat or steamship agencies.

(16) Stock or bonds brokerages.

(17) Sugar factories.

C. For carrying on each business of dealing in or buying and selling stocks or bonds, as principal, the license shall be based on gross annual profits; however, where no gross annual profit is realized, the minimum tax under the above schedule shall be paid.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 47, § 357. Brokerage and commission agents - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-47-sect-357/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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