Title 47, Revenue and Taxation

0 chapters · 2,663 sections in this title.

2,663 sectionsFiltered byTitle 47

La. Rev. Stat. § 47:6038 Reports; tax incentives administered by Louisiana Economic Development
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§6038. Reports; tax incentives administered by Louisiana Economic Development Notwithstanding any provision of law to the contrary, the secretary of Louisiana Economic Development shall report to the Joint Legislative Committee on the Budget information concerning the granting an…
La. Rev. Stat. § 47:6039 Repealed by Acts 2016, 1st Ex
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§6039. Repealed by Acts 2016, 1st Ex. Sess., No. 21, §1, eff. March 14, 2016.
La. Rev. Stat. § 47:604 Repealed by Acts 2024, 3rd Ex
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§604. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:6040 Repealed by Acts 2024, 3rd Ex
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§6040. Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4, 2024.
La. Rev. Stat. § 47:6041 Repealed by Acts 2024, 3rd Ex
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§6041. Repealed by Acts 2024, 3rd Ex. Sess., No. 5, §3, eff. Jan. 1, 2025. NOTE: See Acts 2024, 3rd Ex. Sess., No. 5, §4, regarding applicability to franchise tax periods beginning on or after Jan. 1, 2026.
La. Rev. Stat. § 47:6042 Credits; qualifying foster care charitable organizations
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§6042. Credits; qualifying foster care charitable organizations A.(1)(a) There shall be allowed a nonrefundable income tax credit for donations a Louisiana taxpayer makes during a taxable year to a qualifying foster care charitable organization. The amount of the credit shall be …
La. Rev. Stat. § 47:6043 Recycling of oyster shells; restaurant tax credit
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§6043. Recycling of oyster shells; restaurant tax credit A. The purpose of this Section is to create an incentive for Louisiana restaurants to divert from landfills a natural resource that would otherwise be a waste product and instead facilitate the use of that resource in impro…
La. Rev. Stat. § 47:6044 Louisiana Fortified Roof Tax Credit Program
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§6044. Louisiana Fortified Roof Tax Credit Program A. Definitions. For purposes of this Section: (1) "Department" means the Louisiana Department of Revenue. (2) "Qualified expenses" means the cost of purchase and installation paid by a taxpayer to meet or exceed the fortified roo…
La. Rev. Stat. § 47:605 Repealed by Acts 2024, 3rd Ex
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§605. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:605.1 Repealed by Acts 2024, 3rd Ex
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§605.1. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:606 Repealed by Acts 2024, 3rd Ex
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§606. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:607 Repealed by Acts 2024, 3rd Ex
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§607. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:608 Repealed by Acts 2024, 3rd Ex
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§608. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:609 Repealed by Acts 2024, 3rd Ex
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§609. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:61 Deductions from gross income; losses by corporations
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§61. Deductions from gross income; losses by corporations In computing the net income of corporations, deductions shall be allowed for losses sustained during the taxable year and not compensated for by insurance or otherwise. The basis for determining the amount of deduction for…
La. Rev. Stat. § 47:610 Repealed by Acts 1958, No
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§610. Repealed by Acts 1958, No. 437, §1
La. Rev. Stat. § 47:6101 Purpose
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§6101. Purpose The legislature hereby determines that the benefits of quality child care are indisputable, and that a striking connection exists between children's learning experiences well before kindergarten and his or her later school success. Acts 2007, No. 394, §1, eff. July…
La. Rev. Stat. § 47:6102 Definitions
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§6102. Definitions For purposes of this Chapter, the following terms shall have the following definitions: (1) "Child" or "children" means people who are five years of age or less. (2) "Child care facility" means any entity that the state administrator of the Child Care Developme…
La. Rev. Stat. § 47:6103 Implementation
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§6103. Implementation A.(1) The department, in consultation with the Department of Revenue, shall promulgate rules and regulations necessary for the purpose of developing and implementing the provisions of this Chapter in accordance with the provisions of the Administrative Proce…
La. Rev. Stat. § 47:6104 Child care expense tax credit
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§6104. Child care expense tax credit A. There shall be a credit against Louisiana individual income tax for child care expenses in addition to the credit provided for such expenses in R.S. 47:297.4. Such credit shall be based upon the credit provided for such expenses in R.S. 47:…
La. Rev. Stat. § 47:6105 Child care provider tax credit
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§6105. Child care provider tax credit A. There shall be a credit against any Louisiana income tax for a child care provider. The tax credit shall be refundable as provided for in R.S. 47:6108. The tax credit shall be an amount based upon the average monthly number of children who…
La. Rev. Stat. § 47:6106 Credit for child care directors and staff
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§6106. Credit for child care directors and staff A. There shall be a credit against Louisiana individual income tax refundable as provided for in R.S. 47:6108 for eligible child care directors and eligible child care staff. The tax credit shall be for the following amounts and sh…
La. Rev. Stat. § 47:6107 Business-supported child care
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§6107. Business-supported child care A.(1) There shall be a refundable credit against any Louisiana income tax for the eligible business child care expenses supported by a business. The total amount of credits granted pursuant to this Paragraph shall not exceed the amount provide…
La. Rev. Stat. § 47:6108 Refundable tax credits
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§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…
La. Rev. Stat. § 47:6109 Recapture of credits
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§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 …
La. Rev. Stat. § 47:611 Repealed by Acts 2024, 3rd Ex
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§611. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:6111 Purpose
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§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…
La. Rev. Stat. § 47:6112 Definitions
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§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 …
La. Rev. Stat. § 47:6113 Tax credits for donations made to eligible maternal wellness centers
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§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 …
La. Rev. Stat. § 47:6114 Registry of maternal wellness centers
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§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…
La. Rev. Stat. § 47:6115 Recapture of credits
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§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…
La. Rev. Stat. § 47:6116 Rules and regulations
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§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…
La. Rev. Stat. § 47:612 Repealed by Acts 2024, 3rd Ex
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§612. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:613 Repealed by Acts 2024, 3rd Ex
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§613. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:614 Repealed by Acts 1998, No
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§614. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
La. Rev. Stat. § 47:615 Repealed by Acts 1998, No
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§615. Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998.
La. Rev. Stat. § 47:616 Repealed by Acts 2024, 3rd Ex
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§616. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:617 Repealed by Acts 2016, 2nd Ex
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§617. Repealed by Acts 2016, 2nd Ex. Sess., No. 10, §2, eff. July 1, 2016.
La. Rev. Stat. § 47:618 Repealed by Acts 2024, 3rd Ex
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§618. Repealed by Acts 2024, 3rd Ex. Sess., No. 6, §3, eff. Jan. 1, 2026.
La. Rev. Stat. § 47:62 Deductions from gross income; business expenses
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§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 …
La. Rev. Stat. § 47:63 Deductions from gross income; dividends received by corporations
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§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…
La. Rev. Stat. § 47:6301 Credit; donations to school tuition organizations
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§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…
La. Rev. Stat. § 47:6302 Credit for donations to public schools
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§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…
La. Rev. Stat. § 47:631 Imposition of tax
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§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…
La. Rev. Stat. § 47:632 Taxes payable by owners; lien and privilege created
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§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…
La. Rev. Stat. § 47:633 Severance tax; rates; administration
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§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…
La. Rev. Stat. § 47:633.1 Repealed by Acts 2002, No
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§633.1. Repealed by Acts 2002, No. 12, §1, eff. June 7, 2002.
La. Rev. Stat. § 47:633.2 Transfer of funds to royalty road or royalty fund
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§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…
La. Rev. Stat. § 47:633.3 Establishment of timber conversion factor
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§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 …
La. Rev. Stat. § 47:633.4 Tertiary recovery incentive
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§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…