Title 47, Revenue and Taxation

§6108. Refundable tax credits A. Notwithstanding any other provision of law to the contrary, any excess of allowable credit provided in R.S. 47:6105, 6106, and 6107 and the refundable portion of the credit as provided for in R.S. 47:6104 over the aggregate tax liabilities against…

§6109. Recapture of credits A. If the Department of Revenue or the department find that a child care facility, a business, or an individual has obtained a tax credit in violation of the provisions of this Chapter, including but not limited to fraud or misrepresentation, then the …

§6111. Purpose The legislature hereby determines that quality prenatal and postnatal care and support ensures healthy outcomes for Louisiana mothers and their children. Maternal wellness centers assist mothers with essential services such as prenatal and parenting classes, counse…

§6112. Definitions For purposes of this Chapter, the following terms shall be defined as follows: (1)(a) "Eligible maternal wellness center" means an organization that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and: (i) Is located …

§6113. Tax credits for donations made to eligible maternal wellness centers A. There shall be a credit against any Louisiana income tax for qualified donations made to an eligible maternal wellness center. The credit shall be an amount equal to fifty percent of the donation. Any …

§6114. Registry of maternal wellness centers A. The Louisiana Department of Health shall establish and maintain, in accordance with the provisions of this Chapter, a voluntary registry of maternal wellness centers. The purpose of the registry shall be to function as a single data…

§6115. Recapture of credits A. If the Department of Revenue finds that a taxpayer has knowingly obtained a tax credit in violation of the provisions of this Chapter, including but not limited to fraud or misrepresentation, then the taxpayer's state income tax for such taxable per…

§6116. Rules and regulations A.(1) The Department of Revenue shall promulgate rules and regulations necessary for the purpose of administering the tax credit pursuant to this Chapter in accordance with the provisions of the Administrative Procedure Act. (2) Rules promulgated by t…

§62. Deductions from gross income; business expenses In computing net income, deductions shall be allowed for all ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other …

§63. Deductions from gross income; dividends received by corporations In computing the net income of a corporation, deductions shall be allowed for the amount received as dividends from another corporation to the extent that such dividends have been earned within the State of Lou…

§6301. Credit; donations to school tuition organizations A.(1) For donations made on or after January 1, 2018, there shall be allowed a nonrefundable income tax credit for donations a taxpayer makes during a taxable year to a school tuition organization that provides scholarships…

§6302. Credit for donations to public schools A.(1) There shall be an income tax credit for donations a taxpayer makes during a taxable year to public schools that receive a letter grade of "D" or "F" for the most recent year pursuant to the Louisiana School and District Accounta…

§631. Imposition of tax Taxes as authorized by Article VII, Section 4 of the Constitution of Louisiana are hereby levied upon all natural resources severed from the soil or water, including all forms of timber, including pulp woods, turpentine, and other forest products; minerals…

§632. Taxes payable by owners; lien and privilege created A. These taxes shall be paid by the owner or proportionately by the owners thereof at the time of the severance and become due and exigible monthly, as herein provided; they shall operate as a first lien and privilege on t…

§633. Severance tax; rates; administration A. The taxes on natural resources severed from the soil or water levied by R.S. 47:631 shall be predicated on the quantity or value of the products or resources severed, shall be computed in accordance with the provisions of this Section…

§633.2. Transfer of funds to royalty road or royalty fund Each month the collector of revenue shall transfer to the register of state lands from current severance tax collections for credit to the royalty road fund an amount equal to the increased severance tax levied on resource…

§633.3. Establishment of timber conversion factor The Louisiana Forestry Commission and the Louisiana Tax Commission shall meet as provided for in R.S. 47:633(l) and (2) to determine the market value of trees, timber, and pulpwood and shall establish conversion tables to be used …

§633.4. Tertiary recovery incentive A. It is recognized as essential to the continued growth and development of the mineral resources of the state and to the continued prosperity and welfare of the people of the state that tertiary recovery operations be encouraged. It is also re…

§633.5. Produced water injection incentive A. The office of water resources of the Department of Environmental Quality was directed by R.S. 30:2074(C) to act in conjunction with the Department of Conservation and Energy to conduct a risk analysis of the discharge of produced wate…

§633.6. Calculation of market value for trees and timber A. To determine "market value" of trees, timber, and pulpwood as provided for in R.S. 47:633(1), (2), and (3) and 633.3 the Department of Revenue shall provide monthly to the Department of Agriculture and Forestry all infor…

§634. Definitions The following terms as used in this Part shall have the following meanings ascribed to them: (1) "Owner" means owner at the time of severance. (2) "Purchases on the open market" means purchases made in the absence of any contract or agreement requiring the purch…

§635. Reports and payment of taxes by severers A. The taxes levied by this Part are due and payable monthly. Tax payments and reports are due as follows: (1) Timber and minerals other than oil or gas. Every person severing any natural resources, other than oil or gas, from the so…

§6351. Rebates; contracts for certain state sales and use tax rebates A. Definitions. For purposes of this Section, the following words shall have the following meanings unless the context clearly indicates otherwise: (1) "Affiliated entity" shall mean a person who, directly or i…

§636. Severers required to withhold taxes from royalty payments Every person actually engaged in severing oil, gas, or other natural resources from the soil or water, or actually operating oil or gas property, or other property from which natural resources are severed, under cont…

§637. Severers not required to withhold tax where it is withheld by purchasers When any person actually engaged in severing oil or gas, or other natural resources from the soil or water, under contracts or agreements requiring payments direct to any owner of the proportionate sha…

§638. Purchasers required to withhold taxes Every person purchasing oil, gas or any other natural resource severed from the soil or water, under contracts or agreements requiring the purchaser to make payment direct to the owners of the oil, gas or other natural resources, shall …

§639. Withholding and payment of taxes where title of property is in dispute Whenever the title to any natural resources being severed from the soil or water is in dispute, or whenever the purchaser thereof or any person engaged in severing natural resources from the soil or wate…

§64. Deductions from gross income; pension trusts An employer establishing or maintaining a pension trust to provide for the payment of reasonable pensions to his employees, if such trust is exempt from tax under R.S. 47:185, relating to trusts created for the exclusive benefit o…

§640. Reports by purchasers A.(1) Timber and minerals other than oil or gas. On or before the last day of the month following the month to which the tax is applicable, purchasers and other persons dealing in any natural product, other than oil or gas, severed from the soil or wat…

§641. Delinquent tax The tax provided by this Part shall become delinquent after the date fixed for each monthly report to be filed in the office of the collector, and from such time shall be subject to the addition of interest, penalties, and costs as provided in Chapter 18, Sub…

§642. Failure to file reports A. If any person, whether the person be a severer or purchaser, fails to make a report of the gross production and value of its natural products upon which the severance tax is herein levied within the time and in the manner prescribed, there shall b…

§643. Tax in addition to property taxes; restriction on further taxes on oil or gas rights The payment of the severance tax levied by this Part shall be in addition to, and shall not affect the liability of the parties so taxed for, the payment of all state, parochial, municipal,…

§643.1. Restriction on taxation of timber The severance tax shall be the only tax on standing timber, and no further tax shall be levied or imposed upon timber, or the right to cut and remove or use standing timber, regardless of the ownership of such timber or its classification…

§645. Disposition of collections A. All taxes levied in this Part shall be collected monthly by the secretary and shall be paid by him into the state treasury immediately upon receipt. When so paid, all of the severance taxes collected on natural resources, severed from soil or w…

§646. Apportionment of amounts allocated to parishes The amounts allocated and credited to each oil, gas or sulphur producing parish and to all parishes producing other natural resources under this Part, shall be apportioned and distributed quarterly among the governing authoriti…

§647. Severance tax credit, priority A.(1) Every taxpayer liable for and remitting taxes levied and collected pursuant to R.S. 47:1301 through R.S. 47:1307 and each taxpayer who bears such taxes as a direct result of contractual terms or agreements applied in disregard of R.S. 47…

§648.1. Purpose It is the public policy of the state to promote economic growth and to revitalize and stimulate an economic sector which is in decline due to world markets and trends. The legislature hereby acts to encourage new discovery wells in the oil and gas sector, a mainst…

§648.2. Definitions Unless the context otherwise requires, the words defined in this Section have the following meaning when found in this Part: (1) A "certified new discovery oil and natural gas well" is one designated as such by the Department of Conservation and Energy after d…

§648.21. Severance tax; reclaimed oil; definition A. The tax rate applicable to reclaimed oil which is reclaimed by class one salvage crude reclamation facilities which are permitted by the office of conservation shall be three and one-eighth percent (3 1/8%) of value received by…

§648.3. Severance tax suspension on production from certified new discovery oil and natural gas wells All severance taxes on production from certified new discovery oil and natural gas wells are hereby suspended from the date of completion for a period of twenty-four months or un…

§648.4. Limitation on exemption The provisions of this Part shall not apply to activities of state lessees, their assigns, or other mineral interest owners, conducted on state leases when compelled under a settlement, compromise, or agreement with the state, or judgment by a cour…

§65. Deductions from gross income; depreciation A. In computing net income, a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business or of property held for the production of income, including a reasonable allowance for obsolescence, shal…

§66. Deductions from gross income; depletion In computing net income in the case of mines, oil and gas wells, other natural deposits, and timber a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case, shall be …

§67. Deductions from gross income; charges in case of oil and gas wells A.(1) Option with respect to intangible drilling and development costs incurred by an operator (one who holds a working or operating interest in any tract or parcel of land either as a fee owner or under a le…

§68. Deductions from gross income; optional standard deduction A. Allowance. In computing net income of an individual, there shall be allowed as a deduction from gross income, at the election of the individual, a standard deduction equal to 10% of the adjusted gross income, as de…

§7001. Rules and regulations and fees The Department of Public Safety and Corrections, office of state police, shall promulgate rules and regulations and charge reasonable fees relating to the registration and control of the manufacture, sale, distribution, transportation, and re…

§7002. Definitions As used in this Chapter: (1) "Agent" means an individual, association, corporation, club, trust, estate, society, company, joint stock company, receiver, trustee, any other person acting in a fiduciary or representative capacity who is appointed by a court, or …

§7003. Licensing requirements A. Every person who manufactures, sells, distributes, transports, or repairs any gaming equipment within this state for use outside this state or who proposes to engage in the manufacture, sale, distribution, transportation, or repair of any gaming e…

§7004. Licensing A. The department shall license an applicant to manufacture, sell, distribute, transport, or repair at such fees as it shall determine to be reasonable, unless it determines that the issuance of such license is inconsistent with the public interest. B. In determi…

§7005. Denial, revocation, or suspension of license A. A license issued pursuant to the provisions of this Chapter may be suspended or revoked by the department upon a finding that the applicant or licensee: (1) Has materially falsified any application filed pursuant to this Chap…