Effective July 13, the initial corporation franchise tax and the corporate franchise tax that is levied on the first $300,000 of taxable capital is suspended for small business corporations for the taxable periods beginning between July 1, 2020 and June 30, 2021. A small business corporation is defined as having a taxable capital of one million dollars or less.
https://www.legis.la.gov/legis/ViewDocument.aspx?d=1185913
Louisiana – Suspended Franchise Tax